New ways of looking at old issues: inequality and growth
نویسندگان
چکیده
Ž . The paper uses new cross-country data on income and asset land distribution to show Ž . that i there is a strong negative relationship between initial inequality in the asset Ž . distribution and long-term growth; ii inequality reduces income growth for the poor, but Ž . not for the rich; and iii available longitudinal data provide little support for the Kuznets hypothesis. Policies that increase aggregate investment and facilitate acquisition of assets by the poor might thus be doubly beneficial for growth and poverty reduction. q 1998 Elsevier Science B.V. All rights reserved. JEL classification: O1; I3; E6; N1
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