Growth and income distributions in four EU economies

Bhattarai, Keshab

Abstract

Dynamic multi-sectoral and multi-household general equilibrium models are constructed to show how the economies of Germany, France, Spain and the United Kingdom will evolve from 2006 to 2090. These models generate dynamic paths of investment and capital accumulations, demand and supply across production sectors, consumption and welfare of households, relative prices of goods and services, revenue and expenditure of governments, exports, imports, and trade balance consistent with the dynamic general equilibrium in these economies. The models show that inequalities in income distribution among households will not decrease but widen if the current mix of direct and indirect taxes continues in all four countries. Growing inequalities in these economies justify further investments in education and skills.

Citation

Bhattarai, K. (2016). Growth and income distributions in four EU economies. International Advances in Economic Research, 22(3), 263-277. https://doi.org/10.1007/s11294-016-9594-8

• Online Publication Date: Jun 27, 2016
• Publication Date: 2016-08
• Deposit Date: Jun 29, 2016
• Publicly Available Date: Jun 29, 2016
• Journal: International advances in economic research
• Print ISSN: 1083-0898
• Publisher: Springer Verlag
• Peer Reviewed: Peer Reviewed
• Volume: 22
• Issue: 3
• Pages: 263-277
• DOI: https://doi.org/10.1007/s11294-016-9594-8
• Keywords: Growth, Redistribution, European Union, General equilibrium
• Public URL: https://hull-repository.worktribe.com/output/440530
• Publisher URL: http://link.springer.com/article/10.1007/s11294-016-9594-8
• Additional Information: Copy of article published in: International advances in economic research, 2016, v.22, issue 3. The final publication is available at Springer via http://dx.doi.org/10.1007/s11294-016-9594-8
• Contract Date: Jun 29, 2016