Kuznets Hypothesis In A Panel Of States

Dong Hyeon Kim, Ho Chuan Huang, Shu Chin Lin

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

This paper uses a new comprehensive cross-state panel for the United States over the 1945-2004 period to reassess the relationship between income inequality and economic development. By employing the pooled mean group estimator of, it detects a long-run cointegrating association between inequality and development (as well as its squared term). Moreover, their relationship is better characterized by a U shape rather than the inverted-U profile asserted by The evidence is robust to a variety of sensitivity tests. (JEL C14, C21, O11, O15)

Original languageEnglish
Pages (from-to)250-260
Number of pages11
JournalContemporary Economic Policy
Volume29
Issue number2
DOIs
Publication statusPublished - 2011 Apr

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Public Administration

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