Political Rivalry Effects on Human Capital Accumulation and Inequality: A New Political Economy Approach

• Tipo: Artigo em Revista Científica Internacional
• Data: 2017

Autores

Sochirca, E (Autor) Outra; Óscar Afonso (Autor) FEP; Silva, ST (Autor) FEP

Revista

Título: Metroeconomica

Vol. 68

Páginas: 699-729

ISSN: 0026-1386

Editora: Wiley-Blackwell

Indexação

ISI Web of Knowledge - 5 Citações

Scopus - 5 Citações

Outras Informações

ID Authenticus: P-00N-6EE

DOI: 10.1111/meca.12140

Abstract (EN): We propose an endogenous growth model with new political economy elements in order to (1) examine how political incentives affect economic allocations and (2) study the effects of political rivalry on human capital accumulation and income inequality. Focusing on two important policies affecting economic performancefiscal policy and public investments in human capital accumulationwe find that different political incentives have distinct effects on policies and economic allocations. We also find that political rivalry increases income inequality and reduces economic growth and human capital accumulation through its negative impact on public investments in education, wages and individual learning choice.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 31