-an inverse-U shape relationship between income inequality and per capita GDP-that is relatively stable from the 1960s into the … 2000s. The direct effect of international openness on income inequality is also found to be positive. On the other hand, a … cross-country-growth equation shows a negative effect of income inequality on economic growth, holding fixed a familiar set …

Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth … and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in … richer places. The Kuznets curve-whereby inequality first increases and later decreases during the process of economic …

Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth … and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in … richer places. The Kuznets curve-whereby inequality first increases and later decreases during the process of economic …