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Resilience and Path Dependency: Income Distribution Effects of GDP in Colombia

Author

Listed:
  • Ahmet Faruk Aysan

    (Islamic Finance and Economy Program, College of Islamic Studies, Hamad Bin Khalifa University, Qatar Foundation, Qatar)

  • Dilek Demirbas

    (Faculty of Economics, Istanbul University, Turkey)

  • Mustafa Disli

    (Islamic Finance and Economy Program, College of Islamic Studies, Hamad Bin Khalifa University, Qatar Foundation, Qatar)

  • Monica Shirley Chaparro Parra

    (Faculty of Economics, Istanbul University, Turkey)

Abstract

This study examines the effect of GDP per capita on the Gini index, which measures income concentration, in Colombia. The methodology used is an econometric analysis of time series with data extracted from the Inter-American Development Bank and the World Bank. The econometric results suggest that, at least during the period studied here, there is no evidence that GDP per capita has been an explanatory variable of the behaviour of income distribution in Colombia. The results also align with the understanding that the problem of inequality in the distribution of income is not merely economic but concerns persistent matters such as political and historical issues.

Suggested Citation

  • Ahmet Faruk Aysan & Dilek Demirbas & Mustafa Disli & Monica Shirley Chaparro Parra, 2023. "Resilience and Path Dependency: Income Distribution Effects of GDP in Colombia," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 12(1), pages 87-105.
    • Handle: RePEc:cbk:journl:v:12:y:2023:i:1:p:87-105
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    More about this item

    Keywords

    Income Distribution; Colombia; Resilience; inequality.;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • D6 - Microeconomics - - Welfare Economics
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

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