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| Author: | Lloyd-Ellis, H. Bernhardt, D. |
| Title: | Enterprise, inequality and economic development |
| Journal: | Review of Economic Studies
2000 : JAN, VOL. 67:230, p. 147-168 |
| Index terms: | ENTERPRISE INEQUALITY DEVELOPMENT |
| Language: | eng |
| Abstract: | The authors characterize an equilibrium development process driven by the interaction of the distribution of wealth with credit constraints and the distribution of entrepreneurial skills. When efficient entrepreneurs are relatively abundant, a "traditional" development process emerges in which the evolution of macroeconomic variables accord with empirical regularities and income traces out a Kuznets curve. |
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