We examine how inequality and openness interact in shaping the long-run growth prospects of developing countries. To …. We show that inequality affects growth very differently in an open economy as opposed to a closed economy: If the economy … is close to the technological frontier, the positive demand effect of inequality on growth found in closed-economy models …

-induced counteracting growth-effect on the wealth-income ratio, we show that the net effect of R&D on wealth inequality is positive …This paper extends Piketty's analysis of the wealth-income ratio used as a proxy for wealth inequality, to allow for … innovation. Drawing on a Schumpeterian (R&D-based) growth model that incorporates both tangible and intangible capital and using …

We study the relationship between per-capita income and income inequality with a heterogeneous panel co …-51 years and consider measures for both pre-tax and post-tax income inequality; second, we take into account country …-tax income inequality,but no such relationship for post-tax income inequality. Moreover, we find estimates on the country level …

This paper analyzes how changing the expected length of intellectual property right (IPR) protection affects growth and … growth depends on the distribution of income: when the length of IP protection is (uniformly) increased, growth increases … when there is inequality among households consuming IP protected goods, but stays constant when there is no such inequality …

This paper analyzes how changing the expected length of intellectual property (IP) protection affects economic growth … goods than poorer ones. The effects of IP protection on growth can be either positive or negative, depending on the … distribution of income and wealth. Given that increasing the length of IP protection increases growth, poorer households prefer a …

standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset … of the fertility transition, technological progress increased inequality directly through land-biased technological … change and indirectly through increasing population growth. Thefertility transition and the child quantity-quality trade …

This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … growth. However, when we identify an inequality threshold, we find that inequality is positively associated with growth if …

theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all …

inequity, whether across states of world (uncertainty), across individuals (inequality) and across generations …

This study explores the relationship between inflation and income inequality in an open-economy Schumpeterian growth … income inequality may monotonically increase with domestic inflation or display a U-shaped pattern, depending on the … influence of a country’s technology growth on the global real interest rate. These predictions are supported by our quantitative …