Inequality, Public Allocation and Development: A Characterization of Equilibria

Joan Esteban (joan.esteban@iae.csic.es) and Debraj Ray

Working Papers from El Instituto de Estudios Economicos de Galicia Pedro Barrie de la Maza

Abstract: We propose a particular channel through which inequality contaminates the resource allocation process and slows economic growth.

Keywords: ECONOMIC GROWTH; ECONOMIC INEQUALITY; RESOURCE ALLOCATION (search for similar items in EconPapers)
JEL-codes: D60 D63 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:ieegpb:49

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