considered, on the initial level of income and on its initial distribution. But, on the other hand, as growth and inequality are … level of development and on the initial distribution of income. Our results suggest that while high inequality levels are a … have the potential to enhance growth in low-income countries where income distribution remains relatively equal, but can …

'). The more generalized trust is, it is expected that there will be more cooperation. Furthermore strong institutions that … role of institutions; since it is difficult to evaluate the effective contribution of formal institutions to economic … performance. The simple existence of institutions, understood as formal 'rules of the game', does not guarantee that they are …

this paper we frame our starting question within the general debate about the importance of good/bad institutions as … are in fact driven by the presence of growth enhancing institutions. Our empirical analysis exploits newly available … institutions is important for growth. Yet our results strongly suggest that the weight of tourism in an economy is an independent …