DP576 Factor Shares and Savings In Endogenous Growth
|Publication Date:||October 1991|
|Keyword(s):||Endogenous Growth, Income Distribution, Post-Keynesian Theory|
|JEL(s):||D72, D74, O40|
|Programme Areas:||International Trade and Regional Economics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=576|
This paper studies the distributive effects of growth when different agents' income is drawn from accumulated and non-accumulated factors of production in different proportions. It also notes that political interactions may contribute to determine factor shares and growth when income sources are heterogeneous, and suggests that distributional issues should be taken into account both when formulating growth-oriented policy prescriptions and when interpreting the wide dispersion of growth rates across economies and over time.