Evaluation of the Kuznets Hypothesis for Colombia 1977-2005
Inequality in a country can have serious consequences in the economic development and that is why it is important the study of the causes of its variations. Therefore, this document aims to explain how is affected the income inequality by changes in economic growth, population and nominal exchange r...
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Universidad Pedagógica y Tecnológica de Colombia
2017
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| author | Alonso Cifuentes, Julio César González Terán, Ángela María |
| author_facet | Alonso Cifuentes, Julio César González Terán, Ángela María |
| author_sort | Alonso Cifuentes, Julio César |
| collection | OJS |
| description | Inequality in a country can have serious consequences in the economic development and that is why it is important the study of the causes of its variations. Therefore, this document aims to explain how is affected the income inequality by changes in economic growth, population and nominal exchange rate. Following the Kuznets curve hypothesis (1955), a bad indicator of inequality in the short term is necessary to achieve better equality in the long term as an effect of the economic growth. The study is done for Colombia, between 1977 and 2005, with quarterly data. Our results show that the relation between economic growth and income distribution can be explained by the Kuznetshypothesis. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-4642 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2017 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-46422022-06-17T21:34:19Z Evaluation of the Kuznets Hypothesis for Colombia 1977-2005 Evaluación de la Hipótesis de Kuznets para Colombia con una aproximación de series de tiempo: 1977-2005 Alonso Cifuentes, Julio César González Terán, Ángela María income inequality economic growth exchange rate long run short run Desigualdad de ingresos crecimiento económico tasa de cambio largo plazo corto plazo. Inequality in a country can have serious consequences in the economic development and that is why it is important the study of the causes of its variations. Therefore, this document aims to explain how is affected the income inequality by changes in economic growth, population and nominal exchange rate. Following the Kuznets curve hypothesis (1955), a bad indicator of inequality in the short term is necessary to achieve better equality in the long term as an effect of the economic growth. The study is done for Colombia, between 1977 and 2005, with quarterly data. Our results show that the relation between economic growth and income distribution can be explained by the Kuznetshypothesis. La desigualdad en un país puede tener graves consecuencias en el desarrollo económico, especialmente en lo que respecta a la política social, siendo de alta relevancia el estudio de las causas de sus variaciones. En ese sentido, este documento pretende explicar cómo se ve afectada la desigualdad ante cambios en el crecimiento económico, la población y la tasa de cambio nominal. Siguiendo la hipótesis de la curva de Kuznets (1955) una desmejora del indicador de inequidad en el corto plazo logra mayor igualdad en el largo plazo como efecto del crecimiento económico. El estudio se hace para Colombia con datos trimestrales, para el período entre 1977 y 2005. Nuestros resultados sugieren que la hipótesis de Kuznets puede explicar la relación entre crecimiento económico y distribución del ingreso en Colombia. Por otro lado, no se encuentra efecto de corto plazo sobre la distribución del ingreso con respecto al crecimiento poblacional, ni a la tasa de cambio. En el largo plazo, se encuentra que el aumento en la población empeora la desigualdad y que la depreciación del peso incrementa la desigualdad. Universidad Pedagógica y Tecnológica de Colombia 2017-02-08 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf application/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/4642 10.19053/01203053.v36.n63.2017.4642 Apuntes del Cenes; Vol. 36 No. 63 (2017); 43-62 Apuntes del Cenes; Vol. 36 Núm. 63 (2017); 43-62 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/4642/4731 https://revistas.uptc.edu.co/index.php/cenes/article/view/4642/6666 Copyright (c) 2017 Julio César Alonso Cifuentes, Ángela María González Terán http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | income inequality economic growth exchange rate long run short run Desigualdad de ingresos crecimiento económico tasa de cambio largo plazo corto plazo. Alonso Cifuentes, Julio César González Terán, Ángela María Evaluation of the Kuznets Hypothesis for Colombia 1977-2005 |
| title | Evaluation of the Kuznets Hypothesis for Colombia 1977-2005 |
| title_alt | Evaluación de la Hipótesis de Kuznets para Colombia con una aproximación de series de tiempo: 1977-2005 |
| title_full | Evaluation of the Kuznets Hypothesis for Colombia 1977-2005 |
| title_fullStr | Evaluation of the Kuznets Hypothesis for Colombia 1977-2005 |
| title_full_unstemmed | Evaluation of the Kuznets Hypothesis for Colombia 1977-2005 |
| title_short | Evaluation of the Kuznets Hypothesis for Colombia 1977-2005 |
| title_sort | evaluation of the kuznets hypothesis for colombia 1977 2005 |
| topic | income inequality economic growth exchange rate long run short run Desigualdad de ingresos crecimiento económico tasa de cambio largo plazo corto plazo. |
| topic_facet | income inequality economic growth exchange rate long run short run Desigualdad de ingresos crecimiento económico tasa de cambio largo plazo corto plazo. |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/4642 |
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