Per citar aquest document: http://ddd.uab.cat/record/71459
Economic growth and inequality : the role of fiscal policies
Muinelo Gallo, Walter Leonel
Roca i Sagalés, Oriol
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada

Data: 2011
Descripció: 39 p.
Col·lecció: Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; 1105
Resum: This paper analyses the impact of different instruments of fiscal policy on economic growth as well as on income inequality, using an unbalanced panel of 43 upper-middle and high income countries for the period 1972-2006. We consider and estimate two individual equations explaining growth and inequality in order to assess the incidence of different fiscal policies. Firstly, our approach considers imposing orthogonal assumptions between growth and inequality in both equations, and secondly, it allows growth to be included in the inequality equation, and inequality to be included in the growth equation. The empirical results suggest that an increase in the size of government measured through current expenditures and direct taxes diminishes economic growth while reducing inequality, being public investment the only fiscal policy that may break this trade-off between efficiency and equity, since increases in this item reduces inequality without harming output. Therefore, the results reflect that the trade-off between efficiency and equity that governments often confront when designing their fiscal policies may be avoided.
Drets: Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús Creative Commons
Llengua: Anglès.
Document: workingPaper
Matèria: Desenvolupament econòmic ; Política fiscal ; Anàlisi de dades de panel ; Desigualtat econòmica

Adreça alternativa: http://hdl.handle.net/2072/152015


39 p, 220.6 KB

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 Registre creat el 2011-06-10, darrera modificació el 2016-06-11



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