This paper estimates a panel model in which the relationship between inequality and gross domestic product per capita growth depends on countries' initial incomes. Estimates of the model show that the relationship between inequality and gross domestic product per capita growth is significantly decreasing in countries' initial incomes. The results from instrumental variables regressions show that in low-income countries, transitional growth is boosted...
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INFORMACIÓN
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2018/06/05
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS8467
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1
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1
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2018/06/06
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Disclosed
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Inequality and economic growth : the role of initial income
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income inequality