The Kuznets Inverted-U Hypothesis
| Authors | |
|---|---|
| Year of publication | 2015 |
| Type | Article in Proceedings |
| Conference | International Conference Hradec Economic Days 2015 |
| MU Faculty or unit | |
| Citation | |
| Web | http://fim.uhk.cz/hed/images/KOMPLET_1_AG.pdf |
| Field | Economy |
| Keywords | Kuznets inverted-U hypothesis; panel data; inequality; economic growth; Gini coefficient |
| Description | In this paper we examine the relationship between income inequality and economic development according to the Kuznets inverted-U hypothesis. The data used are collected from 146 countries, they cover period 1970 – 2011 and are obtained from the World Bank database, the OECD database and Penn World Table. We used three different datasets – time series for Argentina and Brazil, cross-country data and panel data for the whole world. We found evidence of inverted-U shape curve in all estimations. |
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