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According to a standard argument, higher income inequality fosters redistributive activities of the government in favor of the median income earner. This paper shows that if redistribution is achieved by a public provision of goods and services rather than by transfers, higher income inequality...
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We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge …
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Inclusive growth should ensure "broad-based" economic growth which characterizes the pattern of growth. Beyond simple association identification implied by the Kuznets curve and cross-country panel regression analyses, this study attempts to shed light on the dynamic causality relationship and...
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Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this …
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