Publication details

The Kuznets Inverted-U Hypothesis



Year of publication 2015
Type Article in Proceedings
Conference International Conference Hradec Economic Days 2015
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords Kuznets inverted-U hypothesis; panel data; inequality; economic growth; Gini coefficient
Description In this paper we examine the relationship between income inequality and economic development according to the Kuznets inverted-U hypothesis. The data used are collected from 146 countries, they cover period 1970 – 2011 and are obtained from the World Bank database, the OECD database and Penn World Table. We used three different datasets – time series for Argentina and Brazil, cross-country data and panel data for the whole world. We found evidence of inverted-U shape curve in all estimations.
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