After a comprehensive sensitivity analysis, we conclude that our findings are not distorted by measurement error, reverse causation, hetroskedasticity, or other econometric problems. Karos is a free fantasy MMORPG PERSONAL AREA INVITE A FRIEND TECHNICAL SUPPORT Don't mess up enjoy the game In May, you can find for yourself a lot of interesting activities to your liking, but the most pleasant of them is to spend time in the open spaces of your favorite game. In both samples we find a statistically significant and quantitatively important negative relation between inequality and growth. A second data set contains post-war evidence from a broad cross-section of developed and less developed countries. A first data set pools historical evidence-which goes back to the mid 19th century-from the US and eight European countries. We then confront the testable empirical implications with two sets of data. The model has a politico-economic equilibrium, which determines a sequence of growth rates depending on structural parameters, political institutions, and initial conditions. In the paper we first formulate a theoretical model that formally captures this idea. To summarize our main argument: in a society where distributional conflict is more important, political decisions are more likely to produce economic policies that allow private individuals to appropriate less of the returns to growth promoting activities, such as accumulation of capital and productive knowledge. Is inequality harmful for growth? We suggest that it is.
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