entrepreneurs innovate—in the Schumpeterian sense—in order to bring about structural changes in the economy. The conclusion …

This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can … uninsurable risk of losing invested capital forces entrepreneurs to rely on self-financing, so that when business opportunities … open up entrepreneurs increase saving to finance the investment that produces growth. The key insight is that saving has to …

combination, on GDP and inequality. We focus on three dimensions of financial inclusion: access (determined by the size of … inclusion, GDP, inequality, and the distribution of gains and losses. …

This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …-led growth model. Between Chinese households, we find that the most important factors explaining income inequality are location …

We document the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004 …

findings indicate that increases in national income have a significant moderating effect on income inequality: a one percent … could help reduce income inequality. …

Despite the rapid economic growth and poverty reduction, inequality in Asia worsened during last two decades. We focus …