Borissov, Kirill; Lambrecht, Stéphane - Department of Economics, European University at St. … - 2005
parameterized by a simple index of income inequality. Economic development, proxied by national output or by the growth rate, is … approach, which considers that inequality inflicts direct and indirect costs to economic development. Along the paper two … ambiguously related to the inequality index. However, under some reasonable assumptions, the dependence of economic development on …