Technological Progress and the Future of Kuznets Curve's

Shin, Inyong and Kim, Hyunho and Yamamura, Eiji (2008): Technological Progress and the Future of Kuznets Curve's.

Abstract

We use OECD members' data to ascertain that new-born technological inventions increase the degree of inequality but that this declines as the technology disperses into the overall economy (e.g., Galor and Tsiddon, 1997; Weil, 2005). Therefore, we show explicitly that Kuznets curve does not converge to a single inverted U-curve but fluctuates through technological progress as a sine curve.

• Item Type: MPRA Paper
• Language: English
• Keywords: Kuznets curve; Income inequality; Cubic hypothesis; Technological progress
• Subjects: I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E37 - Forecasting and Simulation: Models and Applications; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives

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