The Economic Development-Income Inequality Nexus

Further Evidence on Kuznets’ U-Curve Hypothesis

Dados Bibliográficos

ID2807629
AutoresTomson Ogwang (0000-0002-0853-5160, Rijksmuseum, autor correspondente)
Ano1995
Volume54
Fascículo2
Páginas217-229
Data de publicação1995-04-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoAmerican Journal of Economics and Sociology (JOURNAL)
Identificadores do periódicoISSN: 0002-9246 • E-ISSN: 1536-7150
EditoraWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.1995.tb02695.x
OpenAlexW1488298778
IdiomaEN
Citações recebidas4
Referências citadas13

The empirical status ofKuznets'U-curve hypothesis is reassessed using three indicators ofdevelopment; two of which incorporate Basic Human Needs performance yardsticks, and three measures of income inequality. To eliminate the potential bias of the results due to functional form misspecification, a quadraticBox-Coxmodel ofincome inequalityis specified. When the full sample of developed and developing countries was considered, all the share equations provided strong support for the hypothesis whereas theGiniequations provided weak support irrespective of the measure of development used. The results for the sub sample of developing countries were generally similar to those for the full sample. Thepolicyimplications of these results are discussed

Developing country · Econometrics · Economic growth · Economic inequality · Economics · Inequality · Kuznets Curve · Nexus (standard) · Quadratic equation · Sample (material) · Computer Science · Economic theories and models · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Mathematics