Brazil and China: Two Routes of Economic Development

Laura Policardo, Lionello F. Punzo () and Edgar Sánchez Carrera ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: We look at two emerging economies, Brazil and China, and propose an evaluation of their recent development in terms of growth performance and the evolution of income inequality. Our analysis therefore seems to be related to the well-known Kuznets-curve and theory. The latter, however, populates an inequality-growth plane with countries’ average-valued coordinates and draws far fetching predictions that have been repeatedly questioned. We claim that Kuznets’ traditional approach does not capture recent relevant phenomena characterizing such countries: namely, the presence of at least two distinct growth models. Empirical evidence and Cointegration analysis corroborate such results.

Keywords: Economic Growth; Income Inequality; Time Series Analysis (search for similar items in EconPapers)
JEL-codes: C23 D3 O11 O40 (search for similar items in EconPapers)
Date: 2015-03
New Economics Papers: this item is included in nep-cna and nep-lam
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Brazil and China: Two Routes of Economic Development? (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:709

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