A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … theory predicts. Empirical evidencesuggests that social and political instability is a major reason for thedivergence between … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies …

ungleicheren Einkommensverteilung. Verbesserte soziale Integartion hingegen führt zu höherem Wachstum bei verringerter Ungleichheit. …

saving and investment, irrationality of peasant behaviour, technological aspects of externalities and demographic parameters …