We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …

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 …

The purpose of this paper is to analyse the growth performance of the Cameroonian economy from independence in 1960 to … date, and then to use this as a background for the analysis of poverty, inequality, and non-monetary outcomes. The analysis … of poverty and inequality uses the microeconomic data from three comparable and nationally representative Cameroonian …

cross-country-growth equation shows a negative effect of income inequality on economic growth, holding fixed a familiar set …-an inverse-U shape relationship between income inequality and per capita GDP-that is relatively stable from the 1960s into the … 2000s. The direct effect of international openness on income inequality is also found to be positive. On the other hand, a …

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U … relationship between growth and inequality can take the form of a wave. Secondly, we examine the issue of the existence of …

impact of both trends on long-run economic growth is studied, and results are discussed in light of relevant policy debate. …

This paper builds a heterogeneous-households growth model of a small open economy with fixed resource (land) by … integrating the Walrasian general equilibrium and neoclassical growth theories. The production side consists of two sectors. We … use an alternative utility function proposed by Zhang, which enable us to develop a dynamic growth model with genuine …

moreover to investigate the role and the effects on socio-economic growth. Keywords: Income distribution, inequality, poverty …How inequality is generated and how it reproduces over time? This has been a major concern of social scientists for … more than a century. The changes in aggregate or average income is a good measure for economic growth but is far from being …