An empirical test of the inequality trap concept
AbstractThe paper uses a GMM estimation to prove the impact of equity on inequality persistence which suggests the presence of inequality trap, and underline the significant influence of the credit market, wealth and education access initial levels.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 105 (2009)
Issue (Month): 2 (November)
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Web page: http://www.elsevier.com/locate/ecolet
Dynamic panel data model EHII Equity GMM-system Inequality traps;
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