Growth theory has traditionally assumed the existence of an aggregate production function,
whose existence and properties are closely tied to the assumption of optimal resource …

In this paper, we critically review the literature on finance and inequality, highlighting
substantive gaps in the literature. Finance plays a crucial role in the preponderance of …

Evidence from a broad panel of countries shows little overall relation between income
inequality and rates of growth and investment. For growth, higher inequality tends to retard …

A landmark textbook on development economics The study of development in low-income
countries is attracting more attention around the world than ever before. Yet until now there …

There are fewer people living in extreme poverty in the world today than 30 years ago. While
that is an achievement, continuing progress for poor people is far from assured. Inequalities …

A comprehensive, rigorous, and up-to-date introduction to growth economics that presents
all the major growth paradigms and shows how they can be used to analyze the growth …

We analyze the relationship between inequality and economic growth from two directions.
The first part of the survey examines the effect of inequality on growth, showing that when …

Using two unifying models and an empirical exercise, this paper presents and extends the
main theories linking income distribution and growth, as well as the relevant empirical …

This paper describes the correlations between inequality and the growth rates in cross-
country data. Using non-parametric methods, we show that the growth rate is an inverted U …

We introduce imperfect creditor protection in a multicountry Schumpeterian growth model.
The theory predicts that any country with more than some critical level of financial …