کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9555075 | 1376302 | 2005 | 34 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Production risk and the functional distribution of income in a developing economy: tradeoffs and policy responses
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
We develop a stochastic endogenous growth model to examine the relationship between the volatility of growth and the factor distribution of income. Our framework incorporates two important features of developing economies: the co-existence of a modern and a traditional sector and the fact that the income generated in the traditional sector can escape taxation. The relationship between volatility and factor distribution is complex, depending upon the source of risk and the elasticity of substitution between capital and labor in the formal sector. The policy options available to the government for counteracting changes in volatility are analyzed. The second best optimal tax structure is also characterized.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Development Economics - Volume 76, Issue 1, February 2005, Pages 175-208
Journal: Journal of Development Economics - Volume 76, Issue 1, February 2005, Pages 175-208
نویسندگان
Cecilia GarcÃa-Peñalosa, Stephen J. Turnovsky,