This paper uses a modi.ed Harrodian model to understand both the long period of rapid Japanese growth and the recent … period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government … intervention, we argue, took the Japanese economy onto a high-growth trajectory. Labour constraints began to appear around 1970 …

This study explores the link between environmental degradation, economic growth and income inequality within the … framework of the environmental Kuznets curve (EKC) literature. To investigate this issue, we examine how inequality affects … carbon dioxide (CO2) emissions and their relationship with economic growth. We show that the results heavily depend on the …

Empirical evidence on the relationship between a country?s wealth inequality and economic growth is ambiguous. This … growth. Moreover, the impact of wealth inequality on economic growth is through the supply of human capital as well as the … demand for better quality goods. Hence, the relationship between wealth inequality and economic growth is non-linear. …

In this paper education simultaneously affects growth and income inequality. More education does not necessarily … then decrease growth as well as income inequality, when measured by the Gini coefficient. There is no clear functional … relationship between growth and measured income inequality. The model identifies regimes of this relationship which depend …

inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years …Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a … top decile's income share is associated with a statistically significant 0.12 point rise in GDP growth during the …

trade fronts but also of failure in reducing chronic inequality of income and wealth. In addition, the current growth …The Chilean development story of the last two to three decades is a mix of successes in the macro, growth, poverty and …