Kuznets Curve: A Simple Dynamical System-Based Explanation

Authors

Thongchai Dumrongpokaphan, Chiang Mai UniversityFollow
Vladik Kreinovich, The University of Texas at El PasoFollow

Publication Date

6-2017

Comments

Technical Report: UTEP-CS-17-48

Abstract

In the 1950s, a future Nobelist Simon Kuznets discovered the following phenomenon: as a country's economy improves, inequality first grows but then decreases. In this paper, we provide a simple dynamical system-based explanation for this empirical phenomenon.