Pagano, Patrizio - Banca d'Italia - 2004
This paper studies the correlation between inequality, measured by the Gini coefficent of incomes, and the growth rate … of per capita GDP in a panel of countries between the late 1950s and late 1990s. Inequality Granger causes growth with a … negative coefficient, while growth Granger causes inequality with a positive sign. Quantitatively, the former effect appears …