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| Roki Iwahashi and Tomohiro Machikita |
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| ''A new empirical regularity in world income distribution dynamics, 1960-2001'' |
| ( 2004, Vol. 6 No.19 ) |
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| The aim of this paper is to present a new empirical regularity in world income distribution using cross-country panel data, 1960-2001. It shows the fact that the real cross-country GDP per capita is significantly approximated to a geometric sequence, and that its common ratio is decreasing consistently during the period. It seems rather natural to believe that inequality is not necessarily permanent in our economy. |
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| Keywords: |
JEL:
O1 - Economic Development: General |
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| Manuscript Received : May 12 2004 | | Manuscript Accepted : Oct 22 2004 |
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