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In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10011255579
Against the background of inconclusive evidence about the inequality–growth relation, this paper suggests that the … inequality negatively affects economic growth. We expand the model presented by Galor and Zeira (1993) to represent the fact that … level of inequality increases via the human capital channel with credit market imperfections and that this increasing …
Persistent link: https://www.econbiz.de/10011259657
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10005209497
increase income inequality may temporarily boost a country’s income growth rate. Briefly put, a change in policy that reduces …This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … redistributive transfers will free up resources to the households with the highest productivities, resulting in an aggregate growth …
Persistent link: https://www.econbiz.de/10005328881
increase income inequality may temporarily boost a country's income growth rate. Briefly put, a change in policy that reduces …This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … redistributive transfers will free up resources to the households with the highest productivities, resulting in an aggregate growth …
Persistent link: https://www.econbiz.de/10005086426
is addressed. Using provincial panel data on industrial growth, capital and employment, the impact of inequality on … effect of intra-provincial disparities on provincial industrial growth, with causality from inequality to growth. Moreover …, it appears that the inequality-growth relationship is not a linear one, but rather that the impact of extreme changes in …
Persistent link: https://www.econbiz.de/10005086436
This paper presents necessary and sufficient conditions for unambiguous changes in wage inequality in a dual economy … various types of economic growth. In particular, it is shown that capital accumulation or technical progress in agriculture is … likely to reduce wage inequality, but the effects of development in non-agriculture are typically ambiguous. The paper also …
Persistent link: https://www.econbiz.de/10005022143
Not only the colonial period, but also the pre-colonial times might have influenced later development patterns. In this study we assess a potential pre-colonial legacy hypothesis for the case of the Andean region. In order to analyze the hypothesis, we study the human capital of Inca Indios,...
Persistent link: https://www.econbiz.de/10009646433
protection. Development strategies today typically strive for a virtuous cycle of growth with equity and a range of policy …
Persistent link: https://www.econbiz.de/10014025323
We study the interplay of inequality and trust in a dynamic game, where trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with …
Persistent link: https://www.econbiz.de/10005704393