Haile, Daniel; Sadrieh, Abdolkarim; Verbon, Harrie - 2003
A new line of theoretical and empirical literature emphasizes the pivotal role of fair institutions for growth. We … dramatic drop in cooperation (and growth), when inequality is increased by a selfserving dictator. No such effect is observed … when the inequality is increased by a fair procedure. Our regression analysis provides basic macroeconomic support for the …