Kuznets curve for the US : a reconsideration using cosummability

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Authors

Nasr, Adnen Ben
Balcilar, Mehmet
Akadiri, Seyi Saint
Gupta, Rangan

Journal Title

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Volume Title

Publisher

Springer

Abstract

The relationship between income inequality and long-run economic growth has gained a growing attention in economic research for over decades. This study employed advanced time series techniques to examine the existence of an inverted U-shaped long-run relationship between income inequality and economic growth, using long-span time series data for the United States between the periods 1917–2012. The concepts of summability, balancedness and co-summability was advanced to analyze nonlinear long-run relations among stochastic processes. The empirical results find no evidence in support of nonlinear long-run (inverted U-shaped) relationship for the US, but findings from a vocal set of economists lends strong support and is the basis for the conclusions drawn by this study.

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Keywords

Income inequality, Economic growth, Summability, Balancedness, Co-summability

Sustainable Development Goals

Citation

Nasr, A.B., Balcilar, M., Akadiri, S.S. et al. Kuznets Curve for the US: A Reconsideration Using Cosummability. Social Indicators Research 142, 827–843 (2019). https://doi.org/10.1007/s11205-018-1940-1.