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 …

particular length of words, we can see how wild historical fluctuations over time series data coped with the Zipf strategies. …

lower expropriation and transfer risks. Democracy, on the other hand, greatly reduces expropriation risk but has no impact …