Assessing Economic Inequality Through the Lorenz Curve in Central and Eastern European Countries

Maria Simona Ene ()
Additional contact information
Maria Simona Ene: University of Craiova, "Eugeniu Carada" Doctoral School of Economic Sciences, Romania

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 2, 700-706

Abstract: This study analyses economic inequality in Central and Eastern Europe (CEE) using tools such as the Lorenz Curve and the Gini coefficient. Originating in 1905, the Lorenz Curve, conceptualized by Max O. Lorenz, serves as an essential tool in illustrating income distribution, complemented by the Gini coefficient for assessing numerical inequality. Examining a decade of data from eleven CEE countries through Eurostat, the study constructs Lorenz curves, providing a visual and quantitative description of variations in income distribution. Percentile analysis reveals nuanced disparities, providing insight into the evolution of inequality. Methodologically, the study addresses the challenges, recognizing the advantages of the Lorenz curve in detailed information on income distribution, but also its disadvantages in data sensitivity. The findings show that the Lorenz curve and the Gini coefficient work synergistically, providing a comprehensive overview of economic inequality in CEE.

Keywords: economic inequality; Lorenz Curve; Gini Coefficient; inequality analysis; income distribution (search for similar items in EconPapers)
JEL-codes: D31 D63 F00 H00 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://stec.univ-ovidius.ro/html/anale/ENG/wp-content/uploads/2024/02/13-3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:700-706

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().