Article ID Journal Published Year Pages File Type
10478280 Journal of Macroeconomics 2005 18 Pages PDF
Abstract
If additional capital market imperfections are introduced into the model, a negative link between inequality and growth emerges. Then, the impact of inequality on growth increases for a higher degree of frictions.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Entrepreneurs, moral hazard, and endogenous growth
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