Canavire-Bacarreza, Gustavo (contributor); … - 2008
) hypothesis that this positive effect only begins after a country crosses a certain economic development threshold … positive effect only begins after a country crosses a
certain economic development threshold.
JEL Classification: O11, O … Jovanovic (1990) propose a non-linear e�ect of �nance on
inequality. At early stages of economic development, only the rich have …