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

Delano Villanueva

Chapter 6 in Macroeconomic Policies for Stable Growth, 2008, pp 176-210 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe Theoretical FrameworkThe Macro EconomyAsset Distribution and Social ExtractionFactor Incomes and the Rate of ExtractionThe Determinants of the Rate of ExtractionPolitics of Growth and Growth of PoliticsThe Growth ModelCalibration of the ModelSimulating the Effects of Public PoliciesSector-Specific and Institutional PoliciesFiscal PoliciesSensitivity of Results to Assumption on αThe Philippine Macroeconomic ExperienceWealth DistributionThe Rate of Social ExtractionInflationExtractive ActivitiesDistributional IssuesSummary and ConclusionsAppendix 6.A: Derivation of Optimal Group Allocation RatesReferences

Keywords: Macroeconomic Policies; Economic Growth; Macroeconomic Stabilization; External Debt Management; Financial Liberalization/Integration (search for similar items in EconPapers)
Date: 2008
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Book: Social and Political Factors in a Model of Endogenous Economic Growth and Distribution: An Application to the Philippines (1997)
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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