Political party negotiations, income distribution, and endogenous growth
Article Abstract:
A model was developed to assess growth rate and income distribution in an economy with two political parties undergoing tax negotiation. A negative relationship was obtained by the model between income inequality and growth under an economy with preference or production parameters variation. On the other hand, the model emphasized that such relationship does not established the effectiveness of redistributive government policy in bringing economic growth while lessening income inequality.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1998
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Inflation crises and long-run growth
Article Abstract:
Growth tends to be negatively affected only in the presence of discrete high inflation. An assessment of countries with high inflation showed that economic growth lowers significantly during discrete high inflation but recovers immmediately after inflation becomes lower. The lowering of inflation also results to a strong economic recovery as shown by some former Communist nations, such as Albania and Estonia.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1998
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Transitional dynamics in an R and D based growth model with imitation: comparing its predictions to the data
Article Abstract:
The impact of technology on economic growth is assessed using a non-scale growth model.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2000
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