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Title:Income inequality and growth in transition economies: Are nonlinear models needed? PDF Logo
Authors:Wan, Guang Hua
Issue Date:2002
Series/Report no.:WIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2002/104
Abstract:This paper analyses the relationship between income inequality and growth in transition economies. The distinct and complex dynamics adherent to these economies lead to the proposition of new econometric models in the paper. However, empirical results do not support the proposed more flexible nonlinear functions. Further, the Kuznets hypothesis is clearly rejected by our data. On the contrary, a (first) half U pattern is found to be adequate for describing the inequality-growth relationship. Consequently, the rising inequality commonly observed in transition economies does not constitute part of the empirical regularity found by Robert Barro and others.
Subjects:Kuznets hypothesis
transition economies
functional form
inequality
JEL:O57
P20
O15
ISBN:9291903353
Document Type:Working Paper
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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