Yi-Chen, Lin; Ho-Chuan, Huang; Chih-Chuan, Yeh - In: Studies in Nonlinear Dynamics & Econometrics 18 (2014) 3, pp. 16-16
The paper examines whether the effect of inequality on growth varies with the level of economic development. Using a comprehensive panel of annual data for the 48 contiguous US states over the period 1945–2004, we find overwhelming evidence in support of threshold effects in the relationship...