Fair and Inclusive Markets: Why Dynamism Matters

  title={Fair and Inclusive Markets: Why Dynamism Matters},
  author={Philippe Aghion and Reda Cherif and Fuad Hasanov},
  journal={International Monetary Fund (IMF) Research Paper Series},
We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism—a drive toward sophisticated export industries, innovation, and creative destruction and a high level of competition. What a country produces and how much it competes domestically and internationally are important… 
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  • C. Syverson
  • Economics
    Journal of Economic Perspectives
  • 2019
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