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Roki Iwahashi and Tomohiro Machikita
''A new empirical regularity in world income distribution dynamics, 1960-2001''
( 2004, Vol. 6 No.19 )
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.
O1 - Economic Development: General
Manuscript Received : May 12 2004 Manuscript Accepted : Oct 22 2004

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