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• W18496546 abstract "This analysis of global income disparity applies the Theil's entropy index of income inequality and its decomposition formula to the 8 regional groupings of the World Bank. Overall two trends emerge: (1) inter-regional inequality dominates the overall global inequality and the domination becomes absolute over time, and (2) inter-regional inequality increases while intra-regional inequality decreases over time. Secondly, the Kuznets' inequality hill was found to be scalloped. The cyclical behavior of global inequality can be explained by uneven and compensatory changes in global income. Third, we have tested for the major sources of income inequality change. Lastly, the tests of causal relationship between the per capita GDP growth rate and income inequality accumulation rate suggest statistical independence between the two series." @default.
• W18496546 created "2016-06-24" @default.
• W18496546 creator A5010700138 @default.
• W18496546 date "2003-01-01" @default.
• W18496546 modified "2023-09-24" @default.
• W18496546 title "Empirics for World Income Distribution: What Does the World Bank Data Reveal?" @default.
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• W18496546 hasPublicationYear "2003" @default.
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