Growth-distribution trade-offs: the role of capacity utilisation
重新检验经济增长对收入分配的影响，发现产能紧张时增长加剧不平等，而产能闲置时则起均等化作用，解释了以往研究不显著的原因。
Previous empirical studies of the impact of economic growth on income distribution have consistently found statistically insignificant impact. This paper empirically reexamines this impact for a cross section of thirty-nine (advanced and developing) countries, focusing on a new critical factor, i.e., the presence or absence of economic slack. With this factor included, growth becomes significantly unequalizing in a "capital taut" economy, while the presence of slack capacity plays a significantly equalizing role. This suggests that the insignificant finding of previous studies stems from an "averaging out" of these two opposite impacts when this factor is omitted. Copyright 1988 by Oxford University Press.