THE THEORY OF THE INVERTED U: AN EMPIRICAL TEST OF THE HYPOTHESIS KUZNETS FOR THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND INCOME INEQUALITY IN BRAZIL (1976-2007)

Tácito Augusto Farias (), Wesley Oliveira Santos (), Anderson Renê Santos Silva (), Danilo Lima Matos () and Fábio Rodrigues de Moura ()
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Tácito Augusto Farias: Universidade Federal de Sergipe (UFS)
Wesley Oliveira Santos: Universidade Federal de Sergipe (UFS)
Anderson Renê Santos Silva: Universidade Federal de Sergipe (UFS)
Danilo Lima Matos: Universidade Federal de Sergipe (UFS)
Fábio Rodrigues de Moura: Universidade Federal de Pernambuco (Pimes-UFPE)

Revista de Economia Mackenzie (REM), 2010, vol. 8, issue 1, 26-51

Abstract: This article examines the relationship between economic growth and inco-me inequality in Brazil, in order to verify the applicability of Simon Kuznets’ (1955) “inverted U†hypothesis, which establishes that this relationship follo-ws a pattern where inequality grows in the early stages of development to an inflection point, after which it will fall over the occurrence of economic gro-wth. By applying a first order auto-regressive (AR1) econometric model in ti-me-series, it was possible to empirically prove the theory proposed by Kuz-nets, i.e. the relationship between income inequality and economic growth follows the format of “inverted U†to Brazil in the period 1976-2007.

Keywords: Income inequality; Distribution of income; Economic growth. (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:8:1:2010:jan:apr:p:26-51

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