Regional redistribution policy and welfare in a two-region endogenous growth model

Yutaro Murakami ()
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Yutaro Murakami: Graduate School of Economics, Osaka University

No 05-07, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: This paper constructs a two-region endogenous growth model with productive government expenditure to analyze the relationship between regional redistribution of public input and the welfare of residents in each region. This paper shows that the redistribution policy may be Pareto improving if the distribution rate of a more populous region is increased because it raises the equilibrium growth rate. Furthermore, the higher the inequalities between the labor populations are, the greater the possibility of a Pareto improving policy.

Keywords: Endogenous growth; Government expenditure; Regional distribution; Welfare; Pareto improving policy (search for similar items in EconPapers)
JEL-codes: H53 O41 R58 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2005-03
New Economics Papers: this item is included in nep-dev, nep-geo, nep-pbe and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:0507

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