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An empirical test of the inequality trap concept |
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| Authors: | Caroline Daymon Celine Gimet |
| Affiliation: | aInstitut of Political Economics, DEFI, Faculty of Economics and Management, University of the Mediterranean, Chateau Lafarges, route des Milles, 13290 Aix-en-Provence, France;bGroup for Economic Analysis and Theory (GATE), University of Lyon 2, CNRS UMR 5824, ENS Lettres et Sciences Humaines - GATE, Bureau R132, 15 Parvis René Descartes BP 7000, 69342 Lyon cedex 07, France |
| Abstract: | The paper uses a GMM estimation to prove the impact of equity on inequality persistence which suggests the presence of inequality trap, and underline the significant influence of the credit market, wealth and education access initial levels. |
| Keywords: | Dynamic panel data model EHII Equity GMM-system Inequality traps |
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