Year 2014,
Volume: 6 Issue: 2, 46 - 56, 01.12.2014
Abstract
The hypothesis of inverted U-curve dependence of the income inequality on the absolute value of the average income is still unresolved issue despite of the growing number of theoretical and empirical research on this topic. The paper examines the impact of governmental policy and the scientific and technological development on income inequality for 145 countries over a period 1979-2012. We found that the income inequality is influenced predominantly by governmental policy on social transfers. Based on the experimental data a model describing the influence of social contributions, the expenditure on research and development, intellectual property rights and GDP per capita was developed
References
- Ahluwalia, M. S. (1976), “Inequality, poverty and development.” J. Development Economics., Vol. 3, pp. 307–342.
- Anand, S., Kanbur, R.S.M. (1993), “The Kuznets process and the inequality- development relationship.” J. Development Economics, Vol. 40, pp. 25–52.
- Barro, R. J. (2000), “Inequality and growth in a panel of countries.” J. Economic Growth, Vol. 5, pp. 5-32.
- Bulir, A. (2001), “Income inequality: Does inflation matter?” IMF Staff Papers, Vol. 48, pp. 139–159.
- Deininger, K., Squire, L. (1998), “New ways of looking at old issues: inequality and growth.” J. Development Economics, Vol. 57, pp. 259-287.
- Hayami, Y., Godo, Y. (2005), Development economics: from the poverty to the wealth of nations, Oxford University Press, Oxford, pp 200-204.
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- Working paper No. 05/28. International Monetary Fund, Washington. Jha, S. (1996) “The Kuznets curve: A reassessments.” World Development, Vol. , pp.773-780.
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- Economic Review, Vol. 45, pp.1-28. Lin S.-C., Huang H.-C., Weng H.-W. (2006) “A semi-parametric partially linear investigation of the Kuznets’ hypothesis.” J. Comparative Economics, Vol. 34, pp. 634–647. WDI http://databank.worldbank.org Development Indicators, The World Bank
Year 2014,
Volume: 6 Issue: 2, 46 - 56, 01.12.2014
Abstract
References
- Ahluwalia, M. S. (1976), “Inequality, poverty and development.” J. Development Economics., Vol. 3, pp. 307–342.
- Anand, S., Kanbur, R.S.M. (1993), “The Kuznets process and the inequality- development relationship.” J. Development Economics, Vol. 40, pp. 25–52.
- Barro, R. J. (2000), “Inequality and growth in a panel of countries.” J. Economic Growth, Vol. 5, pp. 5-32.
- Bulir, A. (2001), “Income inequality: Does inflation matter?” IMF Staff Papers, Vol. 48, pp. 139–159.
- Deininger, K., Squire, L. (1998), “New ways of looking at old issues: inequality and growth.” J. Development Economics, Vol. 57, pp. 259-287.
- Hayami, Y., Godo, Y. (2005), Development economics: from the poverty to the wealth of nations, Oxford University Press, Oxford, pp 200-204.
- Iradian, G. (2005) “Inequality, poverty, and growth: Cross-country evidence.”
- Working paper No. 05/28. International Monetary Fund, Washington. Jha, S. (1996) “The Kuznets curve: A reassessments.” World Development, Vol. , pp.773-780.
- Kuznets, S. (1955) “Economic Growth and Income Inequality.” American
- Economic Review, Vol. 45, pp.1-28. Lin S.-C., Huang H.-C., Weng H.-W. (2006) “A semi-parametric partially linear investigation of the Kuznets’ hypothesis.” J. Comparative Economics, Vol. 34, pp. 634–647. WDI http://databank.worldbank.org Development Indicators, The World Bank
There are 10 citations in total.
Details
| Other ID | JA88FU66KR |
|---|---|
| Journal Section | Articles |
| Authors | |
| Publication Date | December 1, 2014 |
| Published in Issue | Year 2014 Volume: 6 Issue: 2 |