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Public expenditure, income distribution, and growth in OECD countries

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  • Oscar Alfranca
  • Miguel-Angel Galindo

Abstract

Economic growth and the several topics related to it have been studied by economists since their earliest publications. Two different approaches to this area can be found in Neoclassical and Endogenous growth models. The economic growth analysis has focused its attention on the factors that influence the growth of nations, such as fiscal policy or improvement of human capital. Nevertheless, it is also interesting to study the effects of income distribution on economic growth to determine if it has positive effects on growth. The aim of this paper is to study these effects. The authors will develop a theoretical model in which they will introduce public capital in a typical Cobb-Douglas production function. They will estimate OLS, GLS, and SUR fixed effects models for time series and cross-sectional data. Copyright International Atlantic Economic Society 2003

Suggested Citation

  • Oscar Alfranca & Miguel-Angel Galindo, 2003. "Public expenditure, income distribution, and growth in OECD countries," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 9(2), pages 133-139, May.
    • Handle: RePEc:kap:iaecre:v:9:y:2003:i:2:p:133-139:10.1007/bf02295714
    DOI: 10.1007/BF02295714
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    References listed on IDEAS

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    Cited by:

    1. Jorge Martínez-Vázquez & Violeta Vulovic & Blanca Moreno Dodson, 2012. "The Impact of Tax and Expenditure Policies on Income Distribution: Evidence from a Large Panel of Countries," Hacienda Pública Española / Review of Public Economics, IEF, vol. 200(1), pages 95-130, March.
    2. repec:kap:iaecre:v:13:y:2007:i:2:p:139-145 is not listed on IDEAS
    3. Maria-Soledad Castaño, 2007. "The Influence of Socioeconomic Factors on Economic Growth," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(2), pages 139-145, May.
    4. International Monetary Fund, 2007. "Italy: Selected Issues," IMF Staff Country Reports 2007/065, International Monetary Fund.

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