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do not examine the determinants of the level of per capita income as an indication that a certain theory has better … of developing countries. -- Growth theory ; long run growth ; Solow ; disasters ; exogenous shocks …
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The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
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