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FIRST, WE WOULD LIKE TO APOLOGIZE TO JIH CHANG AND RATI Ram for the tone of our Comment; we in no way meant to be denigrating. When submitting the paper we had no clue that such offense would be taken. On receiving the response from Chang and Ram and rereading what we said, we can see why...
Persistent link: https://www.econbiz.de/10008547881
This paper addresses the specification of the econometric models used in the paper “Level of Development, Rate of Economic Growth, and Income Inequality†by Jih Y. Chang and Rati Ram (2000). We find that when accounting for regional heterogeneity, the Kuznets hypothesis no longer...
Persistent link: https://www.econbiz.de/10008484425