Inequality convergence: A world-systems theory approach

Yasin Kutuk

Structural Change and Economic Dynamics, 2022, vol. 63, issue C, 150-165

Abstract: This article explores whether there is inequality convergence among countries. The analysis adopts a framework of dependency theory and its later development through world-systems theory. The analysis draws on Gini indices and Palma ratios from 103 countries for the period 1990–2018. The OLS and GMM analyses reveal horizontal convergence between semi-periphery and core countries as classified by Chase-Dunn et al. (2000). This classification also explains vertical convergence examined with clustering analysis between these countries.

Keywords: Inequality convergence; World-systems theory; The Gini index; The Palma ratio; OLS; GMM (search for similar items in EconPapers)
JEL-codes: C12 C36 D31 D63 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:63:y:2022:i:c:p:150-165

DOI: 10.1016/j.strueco.2022.09.009

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