Social and Political Factors in a Model of Endogenous Economic Growth and Distribution: An Application to the Philippines

Author/Editor:

Delano Villanueva

Publication Date:

December 1, 1996

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The major objective is to explain developments in the distribution of national income and wealth and in the growth rate of per capita capacity output. When calibrated, the proposed model is found to be consistent with the broad contours of Philippine macroeconomic history.

Series:

Working Paper No. 1996/139

Subject:

Competition Financial markets Fiscal policy Income Income distribution Labor National accounts Personal income

English

Publication Date:

December 1, 1996

ISBN/ISSN:

9781451929461/1018-5941

Stock No:

WPIEA1391996

Pages:

44

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