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One, Two, and Multisector Growth Models

Redistribution, Inequality, and Efficiency with Credit Constraints

Yoseph Y. Getachew and Stephen J. Turnovsky
We develop a model that characterizes the joint determination of income distribution and macroeconomic aggregate dynamics. We identify multiple channels through which alternative public policies such as transfers, consumption and income taxes, and public investment will affect the inequality;...
Apr 2020
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The Interdependence between the Saving Rate and Technology across Regimes: Evidence from South Africa

Kevin S. Nell and Maria M. De Mello
This paper hypothesises that the saving rate and technological progress are interdependently determined by a common exogenous source, so that an exogenous shock to the saving rate determines long-run growth transitions. In an open economy, the saving rate measures the quality of capital investment...
Mar 2017
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Social capital as an engine of growth: Multisectoral modelling and implications

Youyou Baende Bofota, Raouf Boucekkine and Alain Pholo Bala
We propose a multisector endogenous growth model incorporating social capital. Social capital only serves as an input in the production of human capital and it involves a cost in terms of the final good. We show that in contrast to existing alternative specifications, this setting assures that...
Oct 2012
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