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

In: Macroeconomic Policies For Stable Growth

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  • Delano S. Villanueva

    (Bangko sentral ng pilipinas, Philippines)

Abstract

The following sections are included:IntroductionThe Theoretical FrameworkThe Macro EconomyAsset Distribution and Social ExtractionFactor Incomes and the Rate of ExtractionThe Determinants of the Rate of ExtractionPolitics of Growth and Growth of PoliticsThe Growth ModelCalibration of the ModelSimulating the Effects of Public PoliciesSector-Specific and Institutional PoliciesFiscal PoliciesSensitivity of Results to Assumption on αThe Philippine Macroeconomic ExperienceWealth DistributionThe Rate of Social ExtractionInflationExtractive ActivitiesDistributional IssuesSummary and ConclusionsAppendix 6.A: Derivation of Optimal Group Allocation RatesReferences

Suggested Citation

  • Delano S. Villanueva, 2008. "Social and Political Factors in a Model of Endogenous Economic Growth and Distribution: An Application to the Philippines," World Scientific Book Chapters, in: Macroeconomic Policies For Stable Growth, chapter 6, pages 176-210, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812818317_0006
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    1. Luigi L. Pasinetti, 1962. "Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(4), pages 267-279.
    2. Jeffrey G. Williamson, 1969. "Dimensions of Postwar Philippine Economic Progress," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(1), pages 93-109.
    3. Masao Ogaki & Jonathan D. Ostry & Carmen M. Reinhart, 1996. "Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison," IMF Staff Papers, Palgrave Macmillan, vol. 43(1), pages 38-71, March.
    4. Delano Villanueva, 1994. "Openness, Human Development, and Fiscal Policies: Effects on Economic Growth and Speed of Adjustment," IMF Staff Papers, Palgrave Macmillan, vol. 41(1), pages 1-29, March.
    5. Gonzalo M. Jurado, 1974. "The Political Economy of Labor-Capital Relations and the Role of the State: A preliminary sketch of Philippine Manufacturing, 1956-1972," UP School of Economics Discussion Papers 197422, University of the Philippines School of Economics.
    6. Jeffrey G. Williamson, 1971. "Capital Accumulation, Labor Saving, and Labor Absorption Once More," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(1), pages 40-65.
    7. Masao Ogaki & Jonathan D. Ostry & Carmen M. Reinhart, 1996. "Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison," IMF Staff Papers, Palgrave Macmillan, vol. 43(1), pages 38-71, March.
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    Cited by:

    1. Benito Teehankee, 2018. "Critical Realist Action Research and Humanistic Management Education," Humanistic Management Journal, Springer, vol. 3(1), pages 71-90, July.

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    More about this item

    Keywords

    Macroeconomic Policies; Economic Growth; Macroeconomic Stabilization; External Debt Management; Financial Liberalization/Integration;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • O - Economic Development, Innovation, Technological Change, and Growth

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