Factor productivity and income inequality: a general equilibrium analysis
AbstractEconomic growth over the past two decades has failed to reduce income inequality. We contend that major reasons for this are the slowdown and bias in technological change (productivity growth). Given the complexity of the many interactions that take place, this phenomenon is best addressed in a general equilibrium context. For this purpose, we have developed a computable general equilibrium (CGE) model with advanced features relating to income distribution. We perform a series of simulations based on recent overall productivity changes, but under various forms of technological change bias, factor mobility, and government budgetary balance. We find the labour-augmenting technological change cases to be most consistent with recent experience.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 29 (1997)
Issue (Month): 8 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEC20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Miguel, Francisco Javier de & Llop Llop, Maria & Manresa, Antonio, 1954-, 2011. "Simulating the Impact of Sectorial Productivity Gains on Two Regional Economies: Key Sectors from a Supply Side Perspective," Working Papers 2072/169681, Universitat Rovira i Virgili, Department of Economics.
- Francisco Javier de Miguel Velez & Jesus Perez-Mayo, 2006. "Linear SAM models for inequality changes analysis: an application to the Extremadurian economy," Applied Economics, Taylor & Francis Journals, vol. 38(20), pages 2393-2403.
- Yang, Hao-Yen, 2001. "Trade liberalization and pollution: a general equilibrium analysis of carbon dioxide emissions in Taiwan," Economic Modelling, Elsevier, vol. 18(3), pages 435-454, August.
- Miguel Vélez, Francisco Javier de & Llop Llop, Maria & Manresa, Antonio, 1954-, 2013. "Supply Multipliers in Two Regional Economies," Working Papers 2072/213636, Universitat Rovira i Virgili, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.