Henderson, Daniel J.; Qian, Junhui; Wang, Le - In: Economics Letters 128 (2015) C, pp. 17-20
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches—the economy first expands rapidly with a large decline in inequality, plateaus when … inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel finding helps …