On testing Kuznets' economic growth hypothesis

P. J. Dawson

Applied Economics Letters, 1997, vol. 4, issue 7, 409-410

Abstract: Kuznets (1955) hypothesizes that during economic growth, per capita income inequality first increases, reaches a peak and then declines. We test this relationship for 36 less developed countries (LDCs) using a regression model, with quadratic functional form, relating income inequality to income. Estimation using robust errors to correct for heteroscedasticity yields results which support Kuznets's hypothesis. Inequality is greatest at about a level of real GDP (1980 international prices) of US$2000/head.

Date: 1997
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DOI: 10.1080/135048597355159

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