Qin, Duo; Cagas, Marie Anne; Ducanes, Geoffrey; He, Xinhua - School of Economics and Finance, Queen Mary - 2005
This paper carries out a pilot empirical study on how income inequality affects growth and the macro economy by means … consumption equations in the ADB China model. Model simulations are performed to study the effect of inequality on GDP growth and … inequality develops over time carries certain negative consequences on GDP and sectoral growth. …