The Cubic Form Hypothesis and the Flying Geese Pattern Hypothesis of Income Distribution: The Case of Korea
This paper examines the cubic form hypothesis and the flying geese pattern hypothesis of income distribution. We use time series data for the Gini coefficients of Korea for 1961-2006 and panel data calculated based on a household income survey for the period 1998-2003. We show; (1) The Korean economy has a cubic form inequality as shown in many advanced countries such as the U.S, U.K and Japan, and (2) Different relationships between income inequality and income level are observed among regions since less developed rural areas lagged behind more developed urban ones. Thus the pattern of the change of inequality by region in Korea has similarities to the flying geese pattern and the multiple catching up pattern that are processes of the industrialization of manufacturing.
|Date of creation:||25 Jun 2008|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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, July.
- Lopez, Humberto, 2006. "Growth and inequality: Are the 1990s different?," Economics Letters, Elsevier, vol. 93(1), pages 18-25, October.
- Galor, Oded & Tsiddon, Daniel, 1997.
"Technological Progress, Mobility, and Economic Growth,"
American Economic Review,
American Economic Association, vol. 87(3), pages 363-382, June.
- Galor, Oded & Tsiddon, Daniel, 1996. "Technological Progress, Mobility, and Economic Growth," CEPR Discussion Papers 1413, C.E.P.R. Discussion Papers.
- Galor, O. & Tsiddon, D., 1996. "Technological Progress, Mobility and Economic Growth," Papers 13-96, Tel Aviv.
- Sangjoon Jun, 2006. "The Nexus between IT Investment and Banking Performance in Korea," Global Economic Review, Taylor & Francis Journals, vol. 35(1), pages 67-96.
- Jung, Jin Hwa, 1992. "Personal income distribution in Korea, 1963-1986: A human capital approach," Journal of Asian Economics, Elsevier, vol. 3(1), pages 57-71.
- Mah, Jai S., 2006. "Economic restructuring in post-crisis Korea," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(4), pages 682-690, August.
- 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.
- Euijune Kim & Euijune Kim & Sung Woong Hong & Soo Jung Ha, 2003. "Impacts of national development and decentralization policies on regional income disparity in Korea," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 37(1), pages 79-91, 02.
- Seon-Jae Kim, 2003. "Information Technology and Its Impact on Economic Growth and Productivity In Korea," International Economic Journal, Taylor & Francis Journals, vol. 17(3), pages 55-75.
- Fields, Gary S & Yoo, Gyeongjoon, 2000. "Falling Labor Income Inequality in Korea's Economic Growth: Patterns and Underlying Causes," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(2), pages 139-159, June.
- Mah, Jai S., 2003. "A note on globalization and income distribution--the case of Korea, 1975-1995," Journal of Asian Economics, Elsevier, vol. 14(1), pages 157-164, February.
- Kim, Euijune & Jeong, Youn Hee, 2003. "Decomposition of Regional Income Inequality in Korea," The Review of Regional Studies, Southern Regional Science Association, vol. 33(3), pages 313-327.
- Euijune Kim & Kabsung Kim, 2002. "Impacts of regional development strategies on growth and equity of Korea: A multiregional CGE model," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 36(1), pages 165-180. Full references (including those not matched with items on IDEAS)