The Income Inequality in the Fastest Growing Economies
Keywords:
Income inequality, Growth rate, Real GDP per capita, Fast growing economies, Gini coefficientAbstract
The impact of accelerated growth on inequality has not been sufficiently studied in the literature. The purpose of the article is to investigate the link between accelerated economic development and income inequality. The period 1870-2016 is considered, and the countries with the highest rate of GDP growth per capita are highlighted using a comparative analysis. The evolution of inequality over this period is examined and it is proved that it is possible to achieve accelerated economic growth and catching-up without increasing income inequality and even reducing it.References
Robert J. Barro (2019). Economic Growth and Convergence, Applied Especially to China. DOI: https://www.nber.org/papers/w21872
MJD Ostry, MA Berg, MCG Tsangarides (2014). Redistribution, inequality, and growth. URL: https://books.google.com/books?hl=en&lr=&id=VLIZEAAAQBAJ&oi=fnd&pg=PA4&dq=Redistribution+inequality+and+growth+Ostry&ots=DFgK_T-rP2&sig=PolY09tZvbEGS_5yx4Kzv2EtFgQ
R Inklaar, H de Jong, J Bolt, JL Van Zanden (2018). Rebasing'Maddison': new income comparisons and the shape of long-run economic development. URL: https://www.academia.edu/download/111041694/gd174.pdf (accessed 2019-06-03)
Downloads
Published
Issue
Section
License
Copyright (c) 2021 Hristo Mavrov (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright to their works.
All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.
