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Resilience and Path Dependency: Income Distribution Effects of GDP in Colombia Cover

Resilience and Path Dependency: Income Distribution Effects of GDP in Colombia

Open Access
|Jan 2023

Abstract

This study examines the effect of GDP per capita on the Gini index, which measures income concentration, in Colombia. The methodology used is an econometric analysis of time series with data extracted from the Inter-American Development Bank and the World Bank. The econometric results suggest that, at least during the period studied here, there is no evidence that GDP per capita has been an explanatory variable of the behaviour of income distribution in Colombia. The results also align with the understanding that the problem of inequality in the distribution of income is not merely economic but concerns persistent matters such as political and historical issues.

Language: English
Page range: 87 - 105
Submitted on: Dec 21, 2020
Accepted on: Jun 24, 2021
Published on: Jan 19, 2023
Published by: Central Bank of Montenegro
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2023 Ahmet Faruk Aysan, Dilek Demirbas, Mustafa Disli, Monica Shirley Chaparro Parra, published by Central Bank of Montenegro
This work is licensed under the Creative Commons Attribution 4.0 License.