Income Distribution, Investment, and Growth
This paper carries out an empirical investigation on the determinants of economic growth for a group of 45 countries, including developed and developing economies. The paper focuses on the relationship between growth and income distribution. Unlike the traditional approach in which causality runs from growth to distribution, we hypothesize that greater inequality in income distribution retards a country's growth process, because greater inequality increases the possibility of social conflict.
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|Date of creation:||1997|
|Contact details of provider:|| Postal: CAER Project, Harvard Institute for International Development, 14 Story Street, Cambridge MA 02138O|
Web page: http://www.hiid.harvard.edu/
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