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Technological Progress and the Future of Kuznets Curve's

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  • Shin, Inyong
  • Kim, Hyunho
  • Yamamura, Eiji

Abstract

We use OECD members' data to ascertain that new-born technological inventions increase the degree of inequality but that this declines as the technology disperses into the overall economy (e.g., Galor and Tsiddon, 1997; Weil, 2005). Therefore, we show explicitly that Kuznets curve does not converge to a single inverted U-curve but fluctuates through technological progress as a sine curve.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18866.

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Date of creation: 15 Sep 2008
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Handle: RePEc:pra:mprapa:18866

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Keywords: Kuznets curve; Income inequality; Cubic hypothesis; Technological progress;

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References

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  1. Deininger, Klaus & Squire, Lyn, 1996. "A New Data Set Measuring Income Inequality," World Bank Economic Review, World Bank Group, vol. 10(3), pages 565-91, September.
  2. Galor, Oded & Tsiddon, Daniel, 1997. "Technological Progress, Mobility, and Economic Growth," American Economic Review, American Economic Association, vol. 87(3), pages 363-82, June.
  3. Toshiaki Tachibanaki, 2005. "Confronting Income Inequality in Japan: A Comparative Analysis of Causes, Consequences, and Reform," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262201585, December.
  4. Amos, Orley Jr., 1988. "Unbalanced regional growth and regional income inequality in the latter stages of development," Regional Science and Urban Economics, Elsevier, vol. 18(4), pages 549-566, November.
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Cited by:
  1. Cassandro Mendes & Olugbenga Adesida, 2013. "Income inequality and economic development: evidence from sub-Saharan African countries," Economics Bulletin, AccessEcon, vol. 33(2), pages 1565-1574.
  2. Shin, Inyong, 2008. "Income Inequality and Economic Growth," MPRA Paper 24397, University Library of Munich, Germany.

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