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The inequality dataset compiled in the 1990s by the World Bank and extendedby the UN has been both widely used and strongly criticized. The criticisms raisequestions about conclusions drawn from secondary inequality datasets in general. Wedevelop techniques to deal with national and...
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Primary income data yields the most exact estimates of the Gini coefficient. Using Lorenz curves, the Gini coefficient is defined as the ratio of the area between the diagonal and the Lorenz curve and the area of the whole triangle under the diagonal. Various attempts have been made to obtain...
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An ideal state of development, when viewed with fantasy, is nothing but a state or condition where light touches everybody without refraction. The diagonal line of the Lorenz Curve Framework represents such an ideal condition. In the presence of inequality, however, it deviates or refracts from...
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Early, the convergence theory was suggestively expressed in the Solow model. This can be shown in line with the fact …
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