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Income, Equality, and Economic Development

Bibliographic Data

ID10765009
AuthorsAlvaro Montenegro (0000-0001-6848-1996, Universidad Javeriana, corresponding author)
Year2021
Volume102
Issue1
Pages508-522
Publication date2021-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSocial Science Quarterly (JOURNAL)
Journal identifiersISSN: 0038-4941 • E-ISSN: 1540-6237
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ssqu.12908
OpenAlexW3107182986
LanguageEN
Citations received1
References cited20

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

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Unique citing works1
Citations per year0,2
Citation span2021 - 2021 (1)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 1
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