Inequality and economic growth: the perspective of the new growth theories

Philippe Aghion, Eve Caroli () and Garcia-Penalosa, Cecilia

CEPREMAP Working Papers (Couverture Orange) from CEPREMAP

Abstract: In this article, we review the literature focusing on the relationships between inequality and economic growth. We show that wealth inequality may be bad for growth, in particular when capital markets are imperfect and agents are heterogenous, or when some agents suffer from institutional limitations in the access to investment.

JEL-codes: F10 L22 O15 O31 O33 O40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-his and nep-tid
Date: 1999
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Related works:
Journal Article: Inequality and Economic Growth: The Perspective of the New Growth Theories (1999)
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Persistent link: http://EconPapers.repec.org/RePEc:cpm:cepmap:9908

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