Revisiting Kuznets Hypothesis: A Time Series and Panel Data Approach

Bangladesh Development Studies, Vol. 30, Nos. 3-4, pp. 89-112, 2004

32 Pages Posted: 26 Aug 2008 Last revised: 2 Jan 2012

Syed Munir Khasru

affiliation not provided to SSRN

Mohammad Muaz Jalil

Swisscontact; University of Cambridge - Centre for Development Studies

Date Written: 2004

Abstract

Significant impact of economic growth on poverty alleviation is eroded by high income inequality. This article revisits Kuznets Hypothesis which suggested that inequality and growth have an inverted U shaped relationship. This article differs from previous articles on this subject, by being broader in scope although remaining exploratory in nature. The article uses log quadratic model and level quadratic model, autoregressive time series analysis and panel analysis, expands the database by covering a time period 1963-1999, and a comparative time-series analysis using the augmented D-S inequality dataset (EHII2.3) and UTIP-UNIDO dataset as proposed by James K. Galbraith and Hyunsub Kum.

Keywords: Kuznets Curve, UTIP UNIDO, EHII2.3, Income Inequality

JEL Classification: O1

Suggested Citation

Khasru, Syed Munir and Jalil, Mohammad Muaz, Revisiting Kuznets Hypothesis: A Time Series and Panel Data Approach (2004). Bangladesh Development Studies, Vol. 30, Nos. 3-4, pp. 89-112, 2004. Available at SSRN: https://ssrn.com/abstract=1240658

Syed Munir Khasru

affiliation not provided to SSRN

Mohammad Muaz Jalil (Contact Author)

Swisscontact ( email )

House 19
Road 11
Dhaka, Baridhara 1212
Bangladesh

University of Cambridge - Centre for Development Studies ( email )

7 West Road
2nd floor, Alison Richard Building
Cambridge, CB3 9DT
United Kingdom

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