Recent theoretical literature has suggested a variety of mechanisms through which poverty may deter growth and become self-perpetuating. A few papers have searched for empirical regularities consistent with those mechanisms – such as aggregate non-convexities and convergence clubs. However, a seemingly basic implication of the theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained untested...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2009/08/01
-
Рабочий документ в рамках исследования вопросов политики
-
WPS5012
-
1
-
1
-
2010/07/01
-
Disclosed
-
Too poor to grow
-
effect of inequality on growth