An extensive literature on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained untested. A parallel literature has suggested a variety of mechanisms through which inequality may affect growth in opposing directions. Because inequality and poverty are different...
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INFORMATION
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2018/09/06
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Document de travail de recherche sur les politiques
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WPS8578
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1
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1
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2018/09/06
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Disclosed
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Growth, Inequality, and Poverty : A Robust Relationship?
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effect of inequality on growth
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