Income inequality and growth in transition economies: Are nonlinear models needed?

Arbeitspapier

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.

Object Details

• ISBN: 9291903353
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Discussion Paper ; No. 2002/104

Classification and Topics

• Classification: Wirtschaft ; Comparative Studies of Countries ; Socialist Systems and Transitional Economies: General ; Economic Development: Human Resources; Human Development; Income Distribution; Migration
• Subject: Kuznets hypothesis ; transition economies ; functional form ; inequality ; Einkommensverteilung ; Wirtschaftswachstum ; Kuznets Kurve ; Übergangswirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Wan, Guang Hua
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2002

Further information

• Handle: http://hdl.handle.net/10419/52854
• Last update: 10.03.2025, 11:42 AM CET