The Kuznets U-curve hypothesis: some panel data evidence
- 1 November 1998
- journal article
- research article
- Published by Taylor & Francis in Applied Economics Letters
- Vol. 5 (11) , 693-697
- https://doi.org/10.1080/135048598354140
Abstract
In this paper Kuznet's U-curve hypothesis is tested on two unbalanced panel data sets of 47 and 62 countries, for the period 1970–93, using two-way fixed and random effects models. Several competing model specifications are estimated and the one best fitting the data is selected by appropriate model selection procedures. It is shown that there is no hard empirical evidence to support the usual econometric model formulations and the U-curve hypothesis.Keywords
This publication has 4 references indexed in Scilit:
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- Level of Development and Income Inequality: An Extension of Kuznets‐Hypothesis to the World EconomyKyklos, 1989
- Economic development and income inequality: Further evidence on the U-curve hypothesisWorld Development, 1988
- Development and distribution: A critique of the cross-country U-hypothesisJournal of Development Economics, 1983