Optimal policies, middle class development and human capital accumulation under elite rivalry

Detalhes bibliográficos
Autor(a) principal: Sochirca, Elena
Data de Publicação: 2018
Outros Autores: Neves, Pedro Cunha
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/60212
Resumo: We build a dynamic mode lwith endogenous middle class development, human capital accumulation and policy choices,in order to analyse the interactions between the optimal policies implemented by the rulling elite and the key drivers of economic growth in the presence of elite rivalry. We consider that:(i) the specific policy choices depend on economic and political incentives of the elite; (ii) the individuals' decisions regarding their childrens' education are endogenously determined by specific economic and political factors. Our results suggest that, contrarily to the economically motivated policies, the politically motivated policy choices imply innefficient economic outcomes and limit the development of the middle class and human capital accumulation. The results also show that higher middle class and human capital accumulation growth rates can lower the degree of elite rivalry by reducing the level of the optimal tax rate, increase public investments in education and yield positive changes in all economic outcomes.
id RCAP_0031540a9149c116054c2d8b353979ed
oai_identifier_str oai:repositorium.sdum.uminho.pt:1822/60212
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Optimal policies, middle class development and human capital accumulation under elite rivalryWe build a dynamic mode lwith endogenous middle class development, human capital accumulation and policy choices,in order to analyse the interactions between the optimal policies implemented by the rulling elite and the key drivers of economic growth in the presence of elite rivalry. We consider that:(i) the specific policy choices depend on economic and political incentives of the elite; (ii) the individuals' decisions regarding their childrens' education are endogenously determined by specific economic and political factors. Our results suggest that, contrarily to the economically motivated policies, the politically motivated policy choices imply innefficient economic outcomes and limit the development of the middle class and human capital accumulation. The results also show that higher middle class and human capital accumulation growth rates can lower the degree of elite rivalry by reducing the level of the optimal tax rate, increase public investments in education and yield positive changes in all economic outcomes.Fundação para a Ciência e Tecnologia (FCT), FEDER, COMPETE, QREN, PT2020info:eu-repo/semantics/publishedVersionUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)Universidade do MinhoSochirca, ElenaNeves, Pedro Cunha20182018-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/60212enghttps://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspxinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:07:25Zoai:repositorium.sdum.uminho.pt:1822/60212Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:58:23.325478Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Optimal policies, middle class development and human capital accumulation under elite rivalry
title Optimal policies, middle class development and human capital accumulation under elite rivalry
spellingShingle Optimal policies, middle class development and human capital accumulation under elite rivalry
Sochirca, Elena
title_short Optimal policies, middle class development and human capital accumulation under elite rivalry
title_full Optimal policies, middle class development and human capital accumulation under elite rivalry
title_fullStr Optimal policies, middle class development and human capital accumulation under elite rivalry
title_full_unstemmed Optimal policies, middle class development and human capital accumulation under elite rivalry
title_sort Optimal policies, middle class development and human capital accumulation under elite rivalry
author Sochirca, Elena
author_facet Sochirca, Elena
Neves, Pedro Cunha
author_role author
author2 Neves, Pedro Cunha
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Sochirca, Elena
Neves, Pedro Cunha
description We build a dynamic mode lwith endogenous middle class development, human capital accumulation and policy choices,in order to analyse the interactions between the optimal policies implemented by the rulling elite and the key drivers of economic growth in the presence of elite rivalry. We consider that:(i) the specific policy choices depend on economic and political incentives of the elite; (ii) the individuals' decisions regarding their childrens' education are endogenously determined by specific economic and political factors. Our results suggest that, contrarily to the economically motivated policies, the politically motivated policy choices imply innefficient economic outcomes and limit the development of the middle class and human capital accumulation. The results also show that higher middle class and human capital accumulation growth rates can lower the degree of elite rivalry by reducing the level of the optimal tax rate, increase public investments in education and yield positive changes in all economic outcomes.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/1822/60212
url https://hdl.handle.net/1822/60212
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspx
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799132373563998208

Registros relacionados