Jacobsen, Peter; Giles, David - In: The Journal of International Trade & Economic Development 7 (1998) 4, pp. 405-423
The hypothesis that income distribution follows an inverted-U pattern with respect to economic growth has been tested against US time-series data by several authors, and rejected. We reconsider this issue, paying special attention to data non-stationarity, and the use of 'unbalanced' Seemingly...