Alvargonzalez, M.; Lopez, A.; Perez, R. - In: Applied Econometrics and International Development 4 (2004) 2
The explanation of economic inequality and its relationship to growth has produced a great amount of research. Kuznets (1955) formulated the “inverted-U” hypothesis according to which inequality increases in the initial levels of development to decrease later on, after a certain point of...