Asongu, Simplice - African Governance and Development Institute (AGDI) - 2015
increases when the return of capital is higher than the growth rate, because the poor cannot catch-up with the rich. We argue … that, when the return of political economy (or capitalism-fuelled illicit capital flight) is higher than the growth rate in … automatic exchange of bank information. Hence, contrary to theoretical underpinnings of exogenous growth models, catch-up may …