Public Capital, Income Distribution and Growth

Getachew, Yoseph Yilma (2008). Public Capital, Income Distribution and Growth. UNU-MERIT.

Document type:
Report
Collection:
UNU-MERIT Working Papers

Metadata
Documents
Versions
Statistics
  • Attached Files (Some files may be inaccessible until you login with your UNU Collections credentials)
    Name Description MIMEType Size Downloads
    wp2008-056.pdf PDF application/pdf 466.57KB
  • Author Getachew, Yoseph Yilma
    Title Public Capital, Income Distribution and Growth
    Publication Date 2008
    Publisher UNU-MERIT
    Abstract Public capital investment plays an important role in long run growth through enhancing productivity and complementing the accumulation of private inputs. Under appropriate conditions, public capital could also have important implications for income distribution dynamics. When the credit market is imperfect and there are diminishing returns to private factors, income inequality is negatively related to economic growth. The dynamics of income distribution is determined by relative income shares of private input, wherever initial endowment differs among individuals. Therefore, if the provision of public capital has an effect on relative income shares of private inputs, then it will have an effect on income distribution dynamics. In this case, public capital once more becomes an important determinant of long-run growth through its indirect effect on income distribution. The paper studies this and other interesting issues with respect to public capital, income inequality and economic growth.
    Keyword Income distribution
    Public capital
    Economic growth
    JEL D31
    H54
    O41
    Copyright Holder UNU-MERIT
    Copyright Year 2008
    ISSN 1871-9872
  • Versions
    Version Filter Type
  • Citation counts
    Google Scholar Search Google Scholar
    Access Statistics: 492 Abstract Views, 112 File Downloads  -  Detailed Statistics
    Created: Wed, 11 Dec 2013, 16:23:25 JST