The Economic Development-Income Inequality Nexus

Further Evidence on Kuznets’ U-Curve Hypothesis

Datos Bibliográficos

ID2807629
AutoresTomson Ogwang (0000-0002-0853-5160, Rijksmuseum, autor de correspondencia)
Año1995
Volumen54
Número2
Páginas217-229
Fecha de publicación1995-04-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaAmerican Journal of Economics and Sociology (JOURNAL)
Identificadores de la revistaISSN: 0002-9246 • E-ISSN: 1536-7150
EditorialWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.1995.tb02695.x
OpenAlexW1488298778
IdiomaEN
Citas recibidas4
Referencias 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