This Paper studies growth and inequality in China and India – two economies that account for a third of the world’s population. By modelling growth and inequality as components in a joint stochastic process, the Paper calibrates the impact each has no different welfare indicators and on the...

We provide cross-country empirical evidence on the link between measures of institutional development and of poverty over the period 1960-1990. We find that the more efficient the institutions, the lower the degree, severity, and incidence of poverty. We provide both ordinary least squares and...