Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109529
Authors: 
Barro, Robert J.
Year of Publication: 
2008
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 11
Abstract: 
This paper updates and extends the work of Barro (2000). International data confirm the presence of the Kuznets curve-an inverse-U shape relationship between income inequality and per capita GDP-that is relatively stable from the 1960s into the 2000s. The direct effect of international openness on income inequality is also found to be positive. On the other hand, a cross-country-growth equation shows a negative effect of income inequality on economic growth, holding fixed a familiar set of other explanatory variables. This effect diminishes as per capita GDP rises and may be positive for the richest countries.
Subjects: 
inequality
growth
Kuznets curve
Gini coefficient
JEL: 
I31
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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