| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP633 |
| DP633 Distributional Conflicts, Power and Multiple Growth Paths | |
| Gilles Saint-Paul; Thierry Verdier | |
| 发表日期 | 1992-02-28 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | This paper shows that multiple growth paths may occur in a politico-economic model of endogenous growth. This multiplicity is characterized by the coexistence of a low-tax, low-capital-flight equilibrium and a high-tax, high-capital-flight equilibrium. The likelihood of multiplicity is crucially related to the structure of power in society. For multiplicity to arise, it is necessary that the group in power (or the group that is decisive in determining the political outcome) has greater access to international capital markets than the average in the economy. The model provides an example of an inefficient allocation resulting from majority voting among rational agents. |
| 主题 | International Macroeconomics |
| 关键词 | Capital flight Distributional conflict Endogenous growth Political equilibrium |
| URL | https://cepr.org/publications/dp633 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529780 |
| 推荐引用方式 GB/T 7714 | Gilles Saint-Paul,Thierry Verdier. DP633 Distributional Conflicts, Power and Multiple Growth Paths. 1992. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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