Inequality and Growth Revisited

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ADB Working Paper Series on Regional Economic Integration ; No. 11

Classification and Topics

• Classification: Wirtschaft ; General Welfare; Well-Being ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
• Subject: inequality ; growth ; Kuznets curve ; Gini coefficient

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Barro, Robert J.
• Event: Veröffentlichung
• (who): Asian Development Bank (ADB)
• (where): Manila
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/109529
• Last update: 10.03.2025, 11:43 AM CET