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 paper develops a simple and practical framework for characterizing (long-run) economic growth and fluid capital …

This paper investigates the impact of human capital on economic growth in Guatemala through the application of an error …-correction methodology. Two channels are analyzed, by which human capital is expected to influence growth. A better-educated labor force … appears to have a positive and significant impact on economic growth both via factor accumulation as well as on the evolution …

accumulation as a prime engine of growth along the process of development. It argues that the positive impact of inequality on the … was the prime source of growth, inequality stimulated development by channeling resources towards individuals with a …This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital …

The interest rate and the rate of economic growth are often regarded as roughly constant as economies grow. Moreover …, the agricultural sector and rural population typically shrink. We show that an otherwise standard growth model that … marginal returns of capital. As a result, the interest rate and the growth rate of the economy remain constant during the …

The effect of human capital on growth and development has been somewhat neglected in economic literature. However …, evidence has suggested the importance of engineering and technical skills to economic growth. Simultaneously, European … standard increasing-variety endogenous growth model, we propose various measures of this composition, namely the ratio of high …

transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as … distribution, growth and international specialization. The model is explored both for the steady- state properties and the …