Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11320%2F14%3A10281473" target="_blank" >RIV/00216208:11320/14:10281473 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/00216208:11230/14:10281473

Výsledek na webu

<a href="http://www.vse.cz/pep/490" target="_blank" >http://www.vse.cz/pep/490</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries

Popis výsledku v původním jazyce

The Kuznets hypothesis of inverted U-curve dependence of the income inequality on the absolute value of the average income is still an unresolved issue despite the growing number of theoretical and empirical research on this topic. This paper analyzes the historical data on the average income and the income inequality for the period 1979-2009 collected for 145 countries. We found that the income inequality is infl uenced predominantly by governmental policy on subsidies and social transfers. Different amount of subsidies and social transfers across various countries makes the data biased. The inverted U-curve was found in countries with low amount of social contribution. However, increasing amount of social contributions makes the U-curve fl at and shifts its maximum to higher values of the average income. Based on the experimental data a model describing the infl uence of both governmental policy and the level of economic development was developed.

Název v anglickém jazyce

Kuznets Inverted U-Curve Hypothesis Examined on Up-To Date Observations for 145 Countries

Popis výsledku anglicky

The Kuznets hypothesis of inverted U-curve dependence of the income inequality on the absolute value of the average income is still an unresolved issue despite the growing number of theoretical and empirical research on this topic. This paper analyzes the historical data on the average income and the income inequality for the period 1979-2009 collected for 145 countries. We found that the income inequality is infl uenced predominantly by governmental policy on subsidies and social transfers. Different amount of subsidies and social transfers across various countries makes the data biased. The inverted U-curve was found in countries with low amount of social contribution. However, increasing amount of social contributions makes the U-curve fl at and shifts its maximum to higher values of the average income. Based on the experimental data a model describing the infl uence of both governmental policy and the level of economic development was developed.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Prague Economic Papers

ISSN

1210-0455

e-ISSN

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Svazek periodika

23

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

25

Strana od-do

386-410

Kód UT WoS článku

000343271700007

EID výsledku v databázi Scopus

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