Politico-economic equilibrium and economic growth

Journal of Economic Dynamics and Control

Volumn 21, Issue 1, 1997, Pages 243-272

  Krusell, Per ^a   Quadrini, Vincenzo ^b   Ríos Rull, José Víctor ^c  

^a UNIVERSITY OF ROCHESTER   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

^c FEDERAL RESERVE BANK OF MINNEAPOLIS   (United States)

Author keywords

Economic growth; Political economy; Wealth distribution

Indexed keywords

EID: 0030639959     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/0165-1889(95)00931-0     Document Type: Article

References (25)

1. Alesina, A. and D. Rodrik, 1994, Distributive politics and economic growth, Quarterly Journal of Economics 109, 465-490.
2. Basar, T. and G. Olsder, 1982, Dynamic non-cooperative game theory (Academic Press, London).
3. Bertola, G., 1993, Factor shares and savings in endogenous growth, American Economic Review 83, 1184-1210.
4. Boldrin, M., 1993, Public education and capital accumulation, Kellogg Graduate School of Management discussion paper 1017 (Northwestern University, Evanston, IL).
5. Calvo, G., 1978, On the time consistency of optimal policy in a monetary economy, Econometrica 46, 1411-1428.
6. Chamley, C., 1986, Optimal taxation of capital income in general equilibrium with infinite lives, Econometrica 54, 607-622.
7. Chari, V.V. and P. Kehoe, 1990, Sustainable plans, Journal of Political Economy 98, 784-802.
8. Chari, V.V. and P. Kehoe, 1993, Sustainable plans and debt, Journal of Economic Theory 61, 230-261.
9. Cohen, D. and P. Michel, 1988, How should control theory be used to calculate a time-consistent government policy?, Review of Economic Studies 55, 263-274.
10. Cukierman, A. and A. Meltzer, 1989, A political theory of government debt and deficits in a neo-Ricardian framework, American Economic Review 79, 713-732.
11. Fernandez, R. and R. Rogerson, 1996, Income distribution, communities, and the quality of public education. Quarterly Journal of Economics 111, 135-164.
12. Glomm, G. and B. Ravikumar, 1992, Public versus private investment in human capital: Endogenous growth and income inequality, Journal of Political Economy 100, 818-834.
13. Grandmont, J.-M., 1978, Intermediate preferences and the majority rule, Econometrica 46, 317-330.
14. Hansen, L.P., D. Epple, and W. Roberds, 1985, Linear-quadratic duopoly models of resource depletion, in: Thomas J. Sargent, ed., Energy, foresight and strategy (Resources for the Future, Washington, DC).
15. Huffman, G.W., 1993, On the fluctuations induced by majority voting, Mimeo.
16. Krusell, P. and J.-V. Ríos-Rull, 1993, Distribution, redistribution, and capital accumulation, Mimeo.
17. Krusell, P. and J.-V. Ríos-Rull, 1996, Vested interests in a positive theory of stagnation and growth, Review of Economic Studies 63, 301-331.
18. Kydland, F.E. and B.C. Prescott, 1977, Rules rather than discretion: The inconsistency of optimal plans, Journal of Political Economy 85, 473-491.
19. Perotti, R., 1993, Political equilibrium, income distribution, and growth, Review of Economic Studies, 60, 755-776.
20. Persson, T. and G. Tabellini, 1990, Macroeconomic policy, credibility and politics (Harwood Academic Publishers, Chur).
21. Persson, T. and G. Tabellini, 1994, Is inequality harmful for growth?, American Economic Review 84, 600-621.
22. Romer, P.M., 1986, Increasing returns and long-run growth, Journal of Political Economy 94, 1002-1036.
23. Saint-Paul, G. and T. Verdier, 1992, Distributional conflicts, power and multiple growth paths, Center for Economic Policy research paper no. 633.
24. Saint-Paul, G. and T. Verdier, 1993, Education, democracy and growth, Journal of Development Economics 42, 399-407.
25. Sargent, T.J., 1987, Macroeconomic theory, 2nd ed. (Academic Press, London).