Economic growth and income distribution implications of public spending and tax decisions

Aghion, Philippe, Ufuk Akcigit, Antonin Bergeaud, Richard Blundell and David Hemous (2015)
‘Innovation, income inequality, and social mobility’, 28 July, VOX – CEPR’s Policy Portal,
available at: https://voxeu.org/article/innovation-income-inequality-and-social-mobility
Alesina, Alberto and Roberto Perotti (1996) ‘Income distribution, political instability, and
investment’, European Economic Review 40.6, 1203-1228, available at:
https://doi.org/10.1016/0014-2921(95)00030-5
Alesina, Alberto and Dani Rodrik (1994) ‘Distributive politics and economic growth’, The
Quarterly Journal of Economics 109(2), 465-490, available at:
https://www.jstor.org/stable/2118470
Alinaghi, Nazila and W. Robert Reed (2018) ‘Taxes and economic growth in OECD countries: a
meta-analysis’, Working Papers in Economics 18/09, University of Canterbury, Department of
Economics and Finance, available at:
http://www.econ.canterbury.ac.nz/RePEc/cbt/econwp/1809.pdf
Anderson, Torben M. and Jonas Maibom (2016) ‘The trade-off between efficiency and equity’,
29 May, VOX – CEPR’s Policy Portal, available at: https://voxeu.org/article/trade-betweenefficiency-and-equity
Andrews, Dan and Andrew Leigh (2009) ‘More inequality, less social mobility’, Applied
Economics Letters 16(15), 1489-1492, available at:
https://doi.org/10.1080/13504850701720197
Auerbach, Alan J. and Yuriy Gorodnichenko (2012) ‘Measuring the output responses to fiscal
policy’, American Economic Journal: Economic Policy 4(2), 1–27, available at:
https://www.aeaweb.org/articles?id=10.1257/pol.4.2.1
Banerjee, Abhijit V. and Andrew F. Newman (1993) ‘Occupational choice and the process of
development’, Journal of Political Economy 101(2), 274-298, available at:
https://www.jstor.org/stable/2138820
Barrios, Salvador and Andrea Schaechter (2008) ‘The quality of public finances and economic
growth’, Economic Papers 33, Directorate-General for Economic and Financial Affairs, European
Commission, available at:
https://ec.europa.eu/economy_finance/publications/pages/publication13101_en.pdf
Barro, Robert J. (1990) ‘Government spending in a simple model of endogenous growth’,
Journal of Political Economy 98(5), 103–125, available at: https://doi.org/10.1086/261726
Berg, Andrew, Jonathan D. Ostry, Charalambos G. Tsangarides and Yorbol Yakhshilikov (2018)
‘Redistribution, inequality, and growth: new evidence’, Journal of Economic Growth 23(3), 259-
305, available at: https://link.springer.com/article/10.1007%2Fs10887-017-9150-2
Bertola, Giuseppe (1993) ‘Factor shares and savings in endogenous growth’, The American
Economic Review 83(5), 1184-1198, available at: https://www.jstor.org/stable/2117555
Blanchard, Olivier J. and Daniel Leigh (2013) ‘Growth forecast errors and fiscal multipliers’,
American Economic Review, vol. 103(3), pages 117-20, available at:
https://www.aeaweb.org/articles?id=10.1257/aer.103.3.117
Bourguignon, Francois (1981) ‘Pareto superiority of unegalitarian equilibria in Stiglitz’ model of
wealth distribution with convex saving function’, Econometrica 49(6), 1469-1475, available at:
https://www.econometricsociety.org/publications/econometrica/1981/11/01/paretosuperiority-unegalitarian-equilibria-stiglitz-model
Bratberg, Espen, Jonathan Davis, Bhashkar Mazumder, K. Vaage, M. Nybom and D. Schnitzlein
(2016) ‘A comparison of intergenerational mobility curves in Germany, Norway, Sweden and
the US’, The Scandinavian Journal of Economics 119(1), 72-101, available at:
https://doi.org/10.1111/sjoe.12197
Corak, Miles (2013) ‘Income inequality, equality of opportunity, and intergenerational mobility’,
The Journal of Economic Perspectives 27(3), 79-102, available at:
https://www.aeaweb.org/articles?id=10.1257/jep.27.3.79
Cournède, Boris, Jean-Marc Fournier and Peter Hoeller (2018) ‘Public finance structure and
inclusive growth’, OECD Economic Policy Paper 2018/25, available at: https://www.oecdilibrary.org/economics/public-finance-structure-and-inclusive-growth_e99683b5-en
Darvas, Zsolt (2016) ‘Brexit vote boosts case for inclusive growth’, 13 July, Bruegel blog,
available at: https://bruegel.org/2016/07/brexit-vote-boosts-case-for-inclusive-growth/
Darvas, Zsolt (2019) ‘EU enlargement 15th anniversary: upward steps on the income ladder’, 30
April, Bruegel blog, available at: http://bruegel.org/2019/04/eu-enlargement-15th-anniversaryupward-steps-on-the-income-ladder/
Darvas, Zsolt and Catarina Midões (forthcoming) ‘Wealth distribution and social mobility’,
Research report, Eurofound
Darvas, Zsolt and Guntram B. Wolff (2014) ‘Europe's social problem and its implications for
economic growth’, Policy Brief 2014/03, Bruegel, available at:
https://bruegel.org/2014/03/europes-social-problem-and-its-implications-for-economicgrowth/
Darvas, Zsolt and Guntram B. Wolff (2016) ‘An anatomy of inclusive growth in Europe’,
Blueprint 26, Bruegel available at: https://bruegel.org/2016/10/an-anatomy-of-inclusivegrowth-in-europe/
Darvas, Zsolt and Konstantinos Efstathou (2016) ‘Income inequality boosted Trump vote’, 9
November, Bruegel blog, available at: https://bruegel.org/2016/11/income-inequality-boostedtrump-vote/
Diamond, Peter and Emmanuel Saez (2011) ‘The case for a progressive tax: from basic research
to policy recommendations’, Journal of Economic Perspectives 25(4), 165-190, available at:
https://www.aeaweb.org/articles?id=10.1257/jep.25.4.165
European Commission (2012) ‘The quality of public expenditures in the EU’, Occasional Papers
125, Directorate-General for Economic and Financial Affairs, European Commission, available
at:
https://ec.europa.eu/economy_finance/publications/occasional_paper/2012/op125_en.htm
European Commission (2018a) 'Report on Public Finances in EMU 2017’, Institutional Paper
069, available at: https://ec.europa.eu/info/publications/economy-finance/report-publicfinances-emu-2017_en
European Commission (2018b) 'Taxation trends in the European Union',
https://ec.europa.eu/taxation_customs/sites/taxation/files/taxation_trends_report_2018.pdf
Fershtman, Chaim, Kevin M. Murphy and Yoram Weiss (1996) ‘Social status, education, and
growth’, Journal of Political Economy 104(1), 108-132, available at:
https://www.jstor.org/stable/2138961
Fuentes, J. Rodrigo and Edward E. Leamer (2019) ‘Effort: the unrecognized contributor to US
income inequality’, Working Paper No. 26421, National Bureau of Economic Research, available
at: https://www.nber.org/papers/w26421
Galor, Oded and Joseph Zeira (1993) ‘Income distribution and macroeconomics’, The Review of
Economic Studies 60(1), 35-52, available at: https://www.jstor.org/stable/2297811
Garcia-Bernardo, Javier, Jan Fichtner, Frank W. Takes and Eelke M. Heemskerk (2017)
‘Uncovering offshore financial centers: conduits and sinks in the global corporate ownership
network’, Nature, Scientific Reports 7, Article number: 6246, available at
https://www.nature.com/articles/s41598-017-06322-9
Jaimovich, Nir and Sergio Rebelo (2017) ‘Nonlinear effects of taxation on growth’, Journal of
Political Economy 125(1),
Kaldor, Nicholas (1957) ‘A model of economic growth’, The Economic Journal 67(268), 591-624,
available at: https://doi.org/10.2307/2227704
Keefer, Philip and Stephen Knack (2002) ‘Polarization, politics and property rights: links
between inequality and growth’, Public Choice 111(1-2), 127-154, available at:
https://link.springer.com/article/10.1023/A:1015168000336
Kneller, Richard, Michael F. Bleaney and Norman Gemmell (1999) ‘Fiscal policy and growth:
evidence from OECD countries’, Journal of Public Economics 74(2), 171-190, available at:
https://doi.org/10.1016/S0047-2727(99)00022-5
Mirrlees, James A. (1971) ‘An exploration in the theory of optimum income taxation’, The
Review of Economic Studies 38(2), 175-208, available at: https://www.jstor.org/stable/2296779
Okun, A. M. (1975). Equality and efficiency: The big trade-off. Washington: Brookings Institution
Press, available at: https://www.jstor.org/stable/10.7864/j.ctt13wztjk
Owen, Ann L. and David N. Weil (1998) ‘Intergenerational earnings mobility, inequality and
growth’, Journal of Monetary Economics 41(1), 71-104, available at:
https://doi.org/10.1016/S0304-3932(97)00067-6
Piketty, Thomas and Emmanuel Saez (2013) ‘A theory of optimal inheritance taxation’,
Econometrica 81(5), 1851-1886, available at: https://doi.org/10.3982/ECTA10712
Rajan, Raghuram G. (2011) ‘Fault lines: how hidden fractures still threaten the world economy’,
Princeton University Press, available at:
https://press.princeton.edu/books/paperback/9780691152639/fault-lines
Sapir, André (2006) ‘Globalization and the reform of the European social model’, Journal of
Common Market Studies 44(2), p. 369-390, available at: https://doi.org/10.1111/j.1468-
5965.2006.00627.x
Skott, Peter (2013) ‘Increasing inequality and financial instability’, Review of Radical Political
Economics 45(4), 478-488, available at: https://doi.org/10.1177/0486613412475188
Van Treeck, Till (2014) ‘Did inequality cause the US financial crisis?’ Journal of Economic
Surveys, 28(3) 421-448, available at:
https://onlinelibrary.wiley.com/doi/full/10.1111/joes.1208
Vandemoortele, Milo (2009) ‘Within-country inequality, global imbalances and financial
instability’, Overseas Development Institute Research Report, London, United Kingdom,
https://www.odi.org/sites/odi.org.uk/files/odi-assets/publications-opinion-files/5066.pdf
Vtyurina, Svetlana (2020) ‘Effectiveness and Equity in Social Spending - The Case of Spain’,
Working Paper No. 20/16, International Monetary Fund, available at:
https://www.imf.org/en/Publications/WP/Issues/2020/01/30/Effectiveness-and-Equity-inSocial-Spending-The-Case-of-Spain-48936