Technological Progress and Future of Kuznets Curve
Published By: Research in Economics and Management | Published Date: January , 2018This study considers the fluctuation in the degree of income inequality after the Kuznets curve
completes a single inverted U-shaped curve. It ascertains that new-born technological inventions
increase the degree of inequality; however, the degree of inequality declines as the technology
disperses into the overall economy using OECD members’ data. Assuming that technological progress
takes place repetitively throughout long term economic growth, the Kuznets curve does not converge to
a single inverted U-shaped curve. Rather, it fluctuates through technological progress where
technology appears as an invention, but with time it becomes common knowledge.
Author(s): Inyong Shin, Hyunho Kim, Eiji Yamamura | Posted on: May 14, 2018 | Views() | Download (93)