English, Article edition: Social policies and R&D subsidies: Impact on inequality, unemployment, growth and the tax burden Nathalie Chusseau; Joël Hellier

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Bookmark: http://trove.nla.gov.au/version/28896
Physical Description
  • article
Language
  • English

Edition details

Title
  • Social policies and R&​D subsidies: Impact on inequality, unemployment, growth and the tax burden
Author
  • Nathalie Chusseau
  • Joël Hellier
Physical Description
  • article
Notes
  • Purpose – The paper seeks to analyse the impact of different public policies on inequality, unemployment, growth and the tax burden. Design/​methodology/​approach – A dynamic general equilibrium model is built, in which growth is driven by endogenous technical progress, to analyse the impacts of several policies (minimum wage, redistribution and R&​D subsidies financed by an income tax). Findings – All policies except pure redistribution are better than non-intervention in terms of growth. The authors distinguish three major policy patterns. The Anglo-Saxon model is characterised by high growth, high inequality, low unemployment and a low tax burden. The Nordic model combines high growth, low inequality and low unemployment, and a high tax burden. The Continental European model puts together medium inequality and a medium tax burden, and higher long-term growth is paid for by high unemployment. Research limitations/​implications – The model could be extended by the introduction of educational policy. Originality/​value – The paper distinguishes three configurations that capture the main features of the developments in Anglo-Saxon countries, Scandinavian countries, and Continental European countries in the 1990s. It thereby provides a general framework to analyse and compare these experiences.
  • Economic growth, Pay, Research and development, Subsidies, Unemployment
  • RePEc:eme:ijmpps:v:29:y:2008:i:3:p:239-262
Language
  • English
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