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Working Paper
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Understanding the relationship between income inequality and economic growth is of utmost importance to economists and social scientists. In this paper we use a Bayesian structural vector autoregression approach to estimate the relationship between inequality and growth via growth and inequality...
Working Paper
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– Different economic models but similarly low levels of socioeconomic mobility
The United States and China are the world’s largest economies. Together they are responsible for about one-third of the world’s economic output. This paper aims to examine whether the two economic giants are also lands of opportunity where resources are allocated in a way that minimizes unrealized...
Book Chapter
From the book:
The Role of Elites in Economic Development
Working Paper
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Particular sets of institutions, once they become established in a society, have a strong tendency to persist. In this paper I argue that understanding how elites form and reproduce is key to understanding the persistence of institutions over time. I illustrate this idea with a simple political...
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