TITLE:
The Global Kuznets Curve, 1969-2007
AUTHORS:
Jack E. Riggs, Jeffrey C. Hobbs, Gerald R. Hobbs, Todd H. Riggs
KEYWORDS:
Economic Development; Global Economy; Income Inequality; Kuznets Curve
JOURNAL NAME:
Modern Economy,
Vol.3 No.2,
March
28,
2012
ABSTRACT: Noting increasing economic equality in three developed nations and using a theoretical economic model, Kuznets hypothesized that economic development was associated with initial increasing economic inequality followed by decreasing economic inequality. GDP and population data (1969-2007) from 36 nations and regions, comprising the entire global economy and population, demonstrate a global Kuznets curve.