Income, Equality, and Economic Development

Datos Bibliográficos

ID10765009
AutoresAlvaro Montenegro (0000-0001-6848-1996, Universidad Javeriana, autor de correspondencia)
Año2021
Volumen102
Número1
Páginas508-522
Fecha de publicación2021-01-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaSocial Science Quarterly (JOURNAL)
Identificadores de la revistaISSN: 0038-4941 • E-ISSN: 1540-6237
EditorialWiley (PUBLISHER • GB)
DOI10.1111/ssqu.12908
OpenAlexW3107182986
IdiomaEN
Citas recibidas1
Referencias citadas20

Objective This article proposes a simple and operational definition of development that combines the level of income per capita with a measure of income distribution. Method Following the definition, an economic development index is constructed by averaging income per capita with Gini coefficients from the well‐known SWIID database. Results A ranking of countries is obtained for the proposed index, and it is compared to the rankings produced using the United Nations’ Human Development Index (HDI) and the GDP per capita. Conclusion The results for the proposed index show interesting differences with the rankings produced by the HDI and the economists’ favorite GDP per capita

Demographic economics · Development economics · Distribution (mathematics) · Econometrics · Economic growth · Economic inequality · Economics · Gini coefficient · Gross domestic product · Gross income · Human development (humanity) · Human Development Index · Income distribution · Index (typography) · Inequality · Per capita · Per capita income · Population · Public economics · Ranking (information retrieval) · Sociology · Total personal income · Computer Science · Demography · Economic Theory and Policy · Income, Poverty, and Inequality · Mathematics · Sustainable Development and Environmental Policy