Can Government Change a Region’s Growth Path?. Chapter 11. Government’s role in theory. Economic base model Government spending needed to alleviate recessions Neoclassical model Government spending crowds out private investment, or Boosts one economy at the expense of another
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where t is the specific year,
i is the category (gender, race, etc., if any),
q is the income quintile and Piqt is the percentage of people in each category of the income quintile q
during year t.
The smaller the index, the less is the inequality