#1999-013A "Income Inequality and Minimum Consumption: Implications for Growth"
by Donald S. Allen, and Leonce Ndikumana


We propose a model that recognizes hierarchical goods and income inequality among households. The model demonstrates that growth is impacted not by inequality per se, but "absolute" income distribution or the level of poverty underlying the income distribution. More...

#1998-004B "Financial Intermediation and Economic Growth in Southern Africa"
by Donald S. Allen, and Leonce Ndikumana


Using various indicators of financial development, this paper investigates the role of financial intermediation in stimulating economic growth for members of the Southern African Development Community (SADC). The results lend some support to the hypothesis that financial development is positively correlated with the growth rate of real per capita GDP. More...