教師資料查詢 | 類別: 期刊論文 | 教師: 林亦珍 Yi-chen Lin (瀏覽個人網頁)

標題:An appropriate test of the Kuznets hypothesis
學年100
學期1
出版(發表)日期2012/01/01
作品名稱An appropriate test of the Kuznets hypothesis
作品名稱(其他語言)
著者Huang, Ho-Chuan(River); Lin, Yi-Chen; Yeh, Chih-Chuan
單位淡江大學經濟學系
出版者Abingdon: Routledge
著錄名稱、卷期、頁數Applied Economics Letters 19(1), pp.47-51
摘要The Kuznets hypothesis, that is, inequality first rises and then falls as the economy advances, is often tested by regressing inequality on income and its squared term (along with other determinants). Findings of a significantly negative coefficient on income and a significantly positive estimate on the quadratic term are commonly taken as evidence supporting the inverted-U Kuznets curve. Although intuitive, Lind and Mehlum (2010) argued that the conventional approach is flawed and proposed an appropriate test for a U-shaped association. We revisit the validity of the Kuznets hypothesis by applying the novel testing strategy of Lind and Mehlum (2010) to annual US data over the period 1917 to 2007. Inconsistent with the Kuznets hypothesis, the test results overwhelmingly reject the combined null hypothesis of an inverted-U or monotone relationship in favour of a U-shaped linkage between income inequality and economic development. Moreover, the results are robust to changes in inequality measures and functional specifications.
關鍵字Kuznets hypothesis; U-shaped; Inverted-U shaped; Inequality; Economic development
語言英文
ISSN1350-4851; 1466-4291
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式電子版;紙本;
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!