Battisti, Michele; Fioroni, Tamara; Lavezzi, Andrea Mario - Dipartimento di Economia e Management, Università … - 2014
period 1985-2005, char- acterized by falling world interest rates and cross-country income po- larization. We argue that the … Galor and Zeira model: 1) a reduction of the world interest rates increases inequality in rich countries and decreases …