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%T The political economy of growth and distribution: a theoretical critique %A Josten, Stefan Dietrich %A Truger, Achim %P 27 %V 111 %D 2003 %K political economy; redistribution; inequality; economic growth %= 2011-07-13T16:17:00Z %~ USB Köln %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-234135 %U http://www.boeckler.de/pdf/p_wsi_diskp_111.pdf %X "This paper reconsiders the political economy approach to growth and distribution according to which (1) rising inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary taxation; and (3) higher distortionary taxes reduce economic growth. We present a variety of theoretical arguments demonstrating that all three propositions may be overturned by simply changing an assumption in a plausible way or adding a relevant real-world element to the basal models. The political economy models of growth and distribution, as well as the specific inequality-growth transmission channel they propose, must therefore be assessed as overly simplistic and inadequate with respect to the issues studied." (author's abstract) %C DEU %C Düsseldorf %G en %9 Arbeitspapier %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info