aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by …, implying that increases in income inequality may be unambiguously associated with temporary increases in a country’s growth …. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have …

The effect of initial income inequality on growth is the subject of a large literature. We show, both analytically and … with simulation experiments, that the same level of initial income inequality can be associated with very different income … developments, depending on the source of the inequality. We consider three sources: differences in asset ownership, in productivity …

This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian … be converging among themselves, while growth experiences among other regions have been highly heterogeneous. …

it (Russia, Ukraine, Georgia, Turkey, Romania, Bulgaria) and presents the financial outlook and the foreign direct …