-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …

-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …

-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …

and market size effects. The inequality–growth relationship depends on how mass production affects productivity; and on …We study a model of growth and mass production. Firms undertake either product innovations that introduce new luxury … more narrow range of low-quality mass products. In this framework, inequality affects the composition of R&D through price …

strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …

strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …

strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …

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 …