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Skewness, Growth and the Elimination of Poverty

Author

Listed:
  • Roemer, J-E

Abstract

Several recent papers on the political economy of growth have argued that increased skewness in the distribution of wealth/income induces slower growth. In the present model, investment, viewed as education, comes from two sources : a public component, financed by taxes and equally distributed across all citizens, and a private one, chosen optimally by the individual. The growth rate is shown to rise with increased skewness.

Suggested Citation

  • Roemer, J-E, 1994. "Skewness, Growth and the Elimination of Poverty," Papers 94-03, California Davis - Institute of Governmental Affairs.
  • Handle: RePEc:fth:caldav:94-03
    as

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    More about this item

    Keywords

    POVERTY; EDUCATION; ECONOMIC GROWTH; INCOME DISTRIBUTION;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • D3 - Microeconomics - - Distribution
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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