Essays on the Political Economy of Inequality, Redistribution and Growth |
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Page 108
... rate of capitalists so much that a transfer of resources from workers to ... growth inequality link which has been found in the empirical literature . It ... rates . 2.4 Empirical Evidence In this section we provide empirical tests of ...
... rate of capitalists so much that a transfer of resources from workers to ... growth inequality link which has been found in the empirical literature . It ... rates . 2.4 Empirical Evidence In this section we provide empirical tests of ...
Page 158
... rates of growth on average . If an economy can invest its resource windfalls in international assets which pay ... rates of return abroad , or a preference for holding home assets . then it will have to invest them in the home country ...
... rates of growth on average . If an economy can invest its resource windfalls in international assets which pay ... rates of return abroad , or a preference for holding home assets . then it will have to invest them in the home country ...
Page 186
... growth rates achieved by the strongest emerging economies in the same period , although it falls in line with the experience of the rest of Latin America3 . Our model extrapolates this trend , and is therefore able to derive a low level ...
... growth rates achieved by the strongest emerging economies in the same period , although it falls in line with the experience of the rest of Latin America3 . Our model extrapolates this trend , and is therefore able to derive a low level ...
Contents
Acknowledgments | 7 |
Inequality Redistribution and RentSeeking | 70 |
Low Growth in ResourceRich Countries | 156 |
1 other sections not shown
Common terms and phrases
alternative average boom candidate capital accumulation capital share capital stock capitalists capture Caracas chapter cointegration comparative advantage comparative statics consumption countries density derive distribution of income Economic Growth effect of inequality empirical envelope theorem equation equilibrium estimates evidence exemptions exogenous export industries GDP per capita Gini coefficient hypothesis important incentives income distribution income inequality increase in inequality individuals inequality and redistribution inequality leads Insert Figure Insert Table investment Laffer curve level of income long run lower maximize mean to median median income median voter median voter theorem Meltzer and Richard natural resource negative nominal tax rate non-tradeables OECD output parameter Pareto Pareto distribution political contributions politicians poor population pre-tax production ratio redistributive policies regression relationship between inequality rent-seeking reverse causation rich Section sector Social Security specification steady state level subgame perfect equilibrium taxation theory transfer variables Venezuelan economy vote