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Global inequality between world citizens, using the new PPP data (just published as part of the 2005 ICP), is estimated to be about 70 Gini points. This is some 4-5 Gini points higher than previously thought. The increases are even greater if one uses the Theil index
Persistent link: https://www.econbiz.de/10012725895
The median voter hypothesis plays an important role in endogenous growth theories. It provides the political mechanism through which voters in more unequal countries redistribute a larger proportion of income and thus, it is argued, by blunting incentives reduce country's growth rate. However,...
Persistent link: https://www.econbiz.de/10014193137