Publication
Jun 2002
This publication examines the correlation of inequality with growth and long-run economic development. By analyzing cross-country data, the author concludes that commodity endowments predict the middle class share of income and the middle class share predicts development. Thus the author finds high inequality to be a large and statistically significant barrier to economic prosperity and development.
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English (PDF, 40 pages, 145 KB) |
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Author | William Easterly |
Series | CGD Working Papers |
Issue | 1 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2002 Center for Global Development (CGD) |