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On the Impact of Inequality on Productivity Growth in the Short and Long Term: A Synthesis

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Author Info
Huw Lloyd-Ellis

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Abstract

Au début des années 1990, la traditionnelle relation de compromis «équité-efficacité» a été mise en question par des preuves empiriques suggérant que l'inégalité des revenus avait un impact négatif sur la croissance. Cela a encouragé le développement de plusieurs théories alternatives fondées sur des marchés incomplets, et de travaux empiriques destinés à découvrir quels mécanismes sont les plus importants. Cependant, des découvertes empiriques récentes, aussi bien au niveau micro qu'au niveau macro, ont mis en question, sur plusieurs fronts, cette théorie des marchés incomplets. Cet article examine la littérature théorique et empirique récente entourant ce débat, et pose la question de savoir si, une fois qu'on fait la distinction entre relation à court terme et relation à long terme, les opinions conflictuelles sont effectivement aussi inconsistantes qu'elles apparaissent à première vue. In the early 1990s, the

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Article provided by University of Toronto Press in its journal Canadian Public Policy.

Volume (Year): 29 (2003)
Issue (Month): s1 (January)
Pages: 65-86
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Handle: RePEc:cpp:issued:v:29:y:2003:i:s1:p:65-86

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Dwayne Benjamin & Loren Brandt & John Giles, 2006. "Inequality and Growth in Rural China: Does Higher Inequality Impede Growth?," Working Papers tecipa-237, University of Toronto, Department of Economics. [Downloadable!]
    Other versions:
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