Social and Political Factors in a Model of Endogenous Economic Growth and Distribution: An Application to the Philippines

Delano Villanueva

in Staff Papers from South East Asian Central Banks (SEACEN) Research and Training Centre

Abstract: This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The major objective is to explain developments in the distribution of national income and wealth and in the growth rate of per capita capacity output. When calibrated, the proposed model is found to be consistent with the broad contours of Philippine macroeconomic history. The paper concludes with several policy implications for a successful strategy of economic development.

Date: 1997
ISBN: 983-9553-45-3
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Citations: View citations in EconPapers (1)

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Related works:
Chapter: Social and Political Factors in a Model of Endogenous Economic Growth and Distribution: An Application to the Philippines (2008)
Working Paper: Social and Political Factors in a Model of Endogenous Economic Growth and Distribution: An Application to the Philippines (1996)
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