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Title: Is there a link between income inequality and economic growth in the Balkans? - Testing the Kuznets hypothesis
Authors: Velkovska, Ivana
Trenovski, Borce 
Kozheski, Kristijan 
Keywords: income inequality, Kuznets curve, Gini index, panel data model
Issue Date: Jul-2021
Publisher: Pravni fakultet - Studijski centar socijalnog rada, Sveučilište u Zagrebu.
Journal: Croatian Journal of Social Policy, Vol 28, No 2 (2021)
Abstract: This paper makes an effort to test the Kuznets hypothesis in selected Balkan countries by applying panel data regression analysis for the period 2001-2012. We analyzed the following Balkan countries: 1) EU member states – Croatia, Slovenia, Greece and Bulgaria and 2) EU candidate states – North Macedonia, Bosnia and Herzegovina, Albania and Serbia. The results indicate the existence of the Kuznets curve that is flatter at initial stages of economic development, with income inequality declining at later stages of economic growth. In addition, the EU membership is correlated to lower income inequality, indicating better redistribution efforts in these countries compared to the EU candidate countries.
DOI: 10.3935/rsp.v28i2.1764
Appears in Collections:Faculty of Economics 03: Journal Articles / Статии во научни списанија

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