Growth and distribution endogenously determined: a theoretical model and empirical evidence
ABSTRACT We build upon an already known but scarcely developed feature of growth theory: the importance of asset distribution in an aggregate production function. We elaborate on a simple model of two individuals, and then generalize its deductions to an extended model of n agents, concluding that p...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Editora 34
2019-05-01
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572019000200008&lng=en&tlng=en |