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

Ahmet Faruk Aysan (), Dilek Demirbas (), Mustafa Disli and Monica Shirley Chaparro Parra ()
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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
Monica Shirley Chaparro Parra: Faculty of Economics, Istanbul University, Turkey

Journal of Central Banking Theory and Practice, 2023, vol. 12, issue 1, 87-105

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.

Keywords: Income Distribution; Colombia; Resilience; inequality. (search for similar items in EconPapers)
JEL-codes: C43 D6 H11 H21 H3 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:cbk:journl:v:12:y:2023:i:1:p:87-105

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