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between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …Understanding the relationship between income inequality and economic growth is of utmost importance to economists and …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …
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. These findings are established through the estimation of a spatial bivariate probit model. …
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