Social and Political Factors in a Model of Endogenous Economic Growth and Distribution; An Application to the Philippines
This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The major objective is to explain developments in the distribution of national income and wealth and in the growth rate of per capita capacity output. When calibrated, the proposed model is found to be consistent with the broad contours of Philippine macroeconomic history.
|Date of creation:||01 Dec 1996|
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- Delano Villanueva, 1994.
"Openness, Human Development, and Fiscal Policies: Effects on Economic Growth and Speed of Adjustment,"
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- Jeffrey G. Williamson, 1971. "Capital Accumulation, Labor Saving, and Labor Absorption Once More," The Quarterly Journal of Economics, Oxford University Press, vol. 85(1), pages 40-65.
- Reinhart, Carmen & Ogaki, Masao & Ostry, Jonathan, 1996.
"Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison,"
6978, University Library of Munich, Germany.
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- Masao Ogaki & Jonathan David Ostry & Carmen Reinhart, 1995. "Saving Behavior in Low and Middle-Income Developing Countries; A Comparison," IMF Working Papers 95/3, International Monetary Fund.
- Reinhart, Carmen & Ogaki, Masao & Ostry, Jonathan, 1995. "Saving behavior in low- and middle-income developing countries," MPRA Paper 13757, University Library of Munich, Germany.
- Jeffrey G. Williamson, 1969. "Dimensions of Postwar Philippine Economic Progress," The Quarterly Journal of Economics, Oxford University Press, vol. 83(1), pages 93-109.
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