Public Capital, Redistribution and Growth in A Two†Class Economy

Daniele Tavani and Luca Zamparelli

Metroeconomica, 2016, vol. 67, issue 2, 458-476

Abstract: We develop a growth model with a productive and redistributive role for the public sector in a two†class economy. We focus on two different model closures: a Classical†Marxian one, which produces endogenous growth, and a Post†Keynesian one where growth is exogenous. When growth is endogenous, the policy maker fixes the long run accumulation rate and the after tax income shares. In the exogenous growth model, the government determines the after tax income shares and the unemployment compensation. In both cases, the policy choice is compared to a benchmark scenario involving no redistribution.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://doi.org/10.1111/meca.12105

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:metroe:v:67:y:2016:i:2:p:458-476

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0026-1386

Access Statistics for this article

Metroeconomica is currently edited by Heinz D. Kurz and Neri Salvadori

More articles in Metroeconomica from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().