Inequality and growth: inverted and uninverted U-shapes
Inequality follows different patterns along a high-income sector enlargement growth. Even under Kuznets' basic assumptions inequality may show a convex shape at the end of the process. Moreover, when some of the basic assumptions are removed, the inequality path may be convex along the whole process or display a reversal from inverted to uninverted U-shapes along the same process. That is why empirical studies should specify which process and which phase within it they are dealing with on testing Kuznets' hypothesis.
Year of publication: |
2000
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Authors: | Vicente, Juan ; Borge, Luis |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 7.2000, 8, p. 497-500
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Publisher: |
Taylor & Francis Journals |
Saved in:
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