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Inequality Redistribution and RentSeeking
Low Growth in ResourceRich Countries
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Alesina alternative assume assumption average 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 economy's effect of inequality empirical envelope theorem equation estimates evidence exemptions exogenous export industries Gini coefficient hypothesis important incentives income distribution income inequality increase in inequality individuals inequality and redistribution inequality leads Insert Figure Insert Table investment labor Laffer curve level of income long run lower maximize mean to median median income median voter median voter theory Meltzer and Richard Meltzer-Richard negative nominal tax rate non-tradeables OECD output parameter Pareto Pareto distribution political contributions political economy politicians poor population pre-tax production ratio redistributive policies regression relationship between inequality rent-seeking reverse causation Section sector specification steady state level subgame perfect equilibrium taxation theory transfer variables Venezuelan economy vote workers zero