Income and wealth inequality with progressive income taxation in an integrated Walrasian-general equilibrium and neoclassical growth theory
by Wei-Bin Zhang
International Journal of Green Economics (IJGE), Vol. 10, No. 1, 2016

Abstract: This study develops a dynamic economic growth model of public goods in a dynamic general equilibrium theory for an open economy with heterogeneous households and progressive income taxation. The tax income is spent on supplying public goods. The economic system consists of one production sector and one public sector. The public sector is financially supported solely by the tax income. The model describes dynamic interactions between economic growth, wealth accumulation, progressive income taxation, and public services in an internationally open environment. The model is developed for any number of types of households. We simulate the model to demonstrate the existence of equilibrium and motion of the dynamic system. We also examine the effects of changes in different parameters on the motion of the economic system.

Online publication date: Wed, 12-Oct-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Green Economics (IJGE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com