Social conflict, growth and factor shares

  • Christopher Tsoukis, Frederic Tournemaine
  • Published 2015


Standard growth theory is based on atomistic agents with no strategic interactions among them. In contrast, we model growth as resulting from a one-off, strategic game between “workers” and owners of capital (“capitalists”) on factor shares, in an otherwise standard “AK” growth model. The resulting distribution of income between factors further determines… (More)


Cite this paper

@inproceedings{Tsoukis2015SocialCG, title={Social conflict, growth and factor shares}, author={Christopher Tsoukis and Frederic Tournemaine}, year={2015} }