THE ECONOMETRIC ANALYSIS OF INCOME INEQUALITY IN THE REPUBLIC OF UZBEKISTAN
Ключевые слова:
income inequality, Kuznet curve, equilibriumАннотация
The Kuznet Curve is a phenomena in which income distribution worsens in the early stages of economic expansion before improving later. The tendency is thought to have developed as a result of labor shifts from a more egalitarian agricultural sector to the industrial sector, where higher income prospects are exploited by a select few. The Kuznet curve, on the other hand, could be the product of a variety of other factors. For example, according to Greenwood and Jovanovich (1990), financial sector expansion may raise income inequality in the early stages when only a few people have access to bank credit, but then decrease as more people have access to formal credit
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