Natural inequality,production and economic growth |
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| Institution: | 1. Department of Foundations of Education, Faculty of Educational Studies, University Purta Malaysia, Serdang, Malaysia;2. Economic and Public Policy Research Group, Department of Humanities & Social Sciences, Dhaka University of Engineering and Technology (DUET), Gazipur 1707, Bangladesh;3. Faculty of Educational Studies, University Purta Malaysia, Serdang, Malaysia;1. The World Bank, Development Prospects Group, 1818 H St NW, Washington, DC 20433, United States;2. University of Duisburg-Essen, Chair of International Economics, Institute for Economics and Business Administration, Universitätsstr. 12, D-45117 Essen, Germany |
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| Abstract: | This paper explains why the effect of income inequality on productivity and growth is ambiguous. When income distribution exhibits inequality levels that are compatible with accepted criteria, productivity and growth ensue. When the divergence from an acceptable level of inequality occurs, then under certain conditions, we may expect lower (higher) production levels and lower (higher) levels of economic growth. |
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