Economics at your fingertips  


Amitrajeet Batabyal ()

Regional Science Inquiry, 2017, vol. IX, issue 2, 39-44

Abstract: We study optimal income redistribution in a region that is creative in the sense of Richard Florida and thereby extend aspects of the recent analysis in Batabyal and Beladi (2017). Using the terminology of these researchers, members of the creative class are either artists or engineers. This bipartite grouping stems from the manner in which creative capital is acquired by the artists and the engineers. Specifically, we show that when the savings rates of the artists and the engineers comprising the creative class satisfy a particular inequality, it is possible for a regional authority (RA) to uniquely redistribute income between these two groups in a way that achieves the so called "golden rule" stock of physical capital.

Keywords: Creative Capital; Creative Class; Golden Rule; Income Redistribution; Region (search for similar items in EconPapers)
JEL-codes: R11 D31 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
Working Paper: A Note on Optimal Income Redistribution in a Creative Region (2017) Downloads
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:

Access Statistics for this article

Regional Science Inquiry is currently edited by Dr Christos Ap. Ladias

More articles in Regional Science Inquiry from Hellenic Association of Regional Scientists
Bibliographic data for series maintained by Dimitrios K. Kouzas ().

Page updated 2019-06-05
Handle: RePEc:hrs:journl:v:ix:y:2017:i:2:p:39-44