GROWTH AND INEQUALITY: THE ROLE OF POLITICAL ECONOMY

Descripción del Articulo

There is a broad debate in the economic literature about the relationship between growth and inequality. The objective of the work is to show how policy decisions affect the interrelationships between both variables but emphasizing the preferences of the agents and not the production function, as ha...

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Detalles Bibliográficos
Autor: Carranza Ugarte, Luis
Formato: artículo
Fecha de Publicación:2023
Institución:Universidad de San Martín de Porres
Repositorio:Revista Gobierno y Gestión Pública
Lenguaje:español
OAI Identifier:oai:revistas.usmp.edu.pe:article/2729
Enlace del recurso:https://portalrevistas.aulavirtualusmp.pe/index.php/RevistaGobiernoyG/article/view/2729
Nivel de acceso:acceso abierto
Materia:Growth
Inequality
Preferences
Externalities
Economic policies
Crecimiento
Desigualdad
Preferencias
Externalidades
Políticas económicas
Descripción
Sumario:There is a broad debate in the economic literature about the relationship between growth and inequality. The objective of the work is to show how policy decisions affect the interrelationships between both variables but emphasizing the preferences of the agents and not the production function, as has usually been treated in the literature. Therefore, in this paper we present a model that includes externalities on the consumption side, inquiring the impact of economic policies on growth and inequality, finding multiple equilibria with different dynamics.
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