Distribución de la Riqueza, Capital Social y Tasa de Crecimiento
This document proposes that the social capital (Cs) and its interaction with the income distribution (DI), in specific the GINI index, are key to understanding the relationship between a country’s DI and rate of output growth (TC). The hypothesis is that, in the short term, it is the level and the variation in the DI which affect the TC. This generates a nonlinear (quadratic) relation between the level of the GINI Index and the TC, and the sign is a function of the level of the Cs of the economy. The empiric results support the thesis of this document and open the door to an inclusive discussion of the various theories.
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