increase income inequality may temporarily boost a country’s income growth rate. Briefly put, a change in policy that reduces …This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … redistributive transfers will free up resources to the households with the highest productivities, resulting in an aggregate growth …

increase income inequality may temporarily boost a country's income growth rate. Briefly put, a change in policy that reduces …This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … redistributive transfers will free up resources to the households with the highest productivities, resulting in an aggregate growth …

is addressed. Using provincial panel data on industrial growth, capital and employment, the impact of inequality on … effect of intra-provincial disparities on provincial industrial growth, with causality from inequality to growth. Moreover …, it appears that the inequality-growth relationship is not a linear one, but rather that the impact of extreme changes in …

growth (urban/rural) and poverty levels by applying Ravallion and Datt (1996) reduced equation´s approach to regional data … that, although both types of growth impacted negatively on poverty levels in Mexico, rural growth seems to have had … urban poverty whereas rural growth affected principally rural poverty. The only inter-sector linkage found was the one that …

trade and openness. The current work assesses how income inequality influences growth stimating a reduced form growth … household income from national surveys, it is found that inequality and growth are positively related. When analysing different … periods, two different relationships emerge: 1) a negative influence of inequality on growth in a period of low trade policies …

welfare gain from eliminating business cycles can exceed the gain from increasing the long-term growth rate by 1% forever. Our …

In this paper, I study the welfare properties of growth models with endogenous innovation, knowledge externalities, and … monopoly pricing of new goods. Since useful policy prescriptions cannot be inferred from a balanced growth analysis, welfare is …

studying an environment in which a trade-off between risk sharing and growth arises endogenously. Financial intermediaries …-sharing and growth. We show the balance of intermediaries and market that maximizes welfare depend on parameter values. …

long run data into several subperiods. We use a two stage approach in this work. We first model the growth rate of output … directly and use this model to estimate the long-run growth rate for the countries in our sample. We then use the estimates of … long-run growth in output to test for unconditional convergence and to test for equality of long-run growth across …