Please wait a minute...
Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front. Econ. China    2006, Vol. 1 Issue (2) : 196-206    https://doi.org/10.1007/s11459-006-0004-7
|
Income inequality and economic growth——the Kuznets curve revisited
YIN Heng1, GONG Liutang2, ZOU Heng-fu2
1.School of Economics, Beijing Normal University, Beijing, 100875, China; 2.Guanghua School of Management, Peking University, Beijing, 100871, China
 Download: PDF(321 KB)  
 Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks
Abstract In a neoclassical growth framework with a typical political-economy mechanism, this paper reexamines the relationship between the income inequality and economic growth by introducing government spending into the production function and the utility function. It demonstrates that Kuznets  famous inverted-U shape relationship between inequality and economic growth will hold the growth rate will be first increasing with the income inequality before the growth rate decreases with inequality.
Issue Date: 05 June 2006
 Cite this article:   
GONG Liutang,YIN Heng,ZOU Heng-fu. Income inequality and economic growth——the Kuznets curve revisited[J]. Front. Econ. China, 2006, 1(2): 196-206.
 URL:  
http://academic.hep.com.cn/fec/EN/10.1007/s11459-006-0004-7
http://academic.hep.com.cn/fec/EN/Y2006/V1/I2/196
Viewed
Full text


Abstract

Cited

  Shared   
  Discussed