Annals of the University of Oradea: Economic Science (Dec 2021)
ANALYSIS OF ECONOMIC GROWTH AND INCOME INEQUALITY IN ROMANIA IN THE PERIOD 1990-2019
Abstract
The paper aims to analyze the relationship between economic growth and income inequality in Romania in the period 1990-2019. The “Gross Domestic Product” (GDP) per capita indicator from the World Bank database was used to show the evolution of economic growth, and the GINI Coefficient was extracted from the Standardized World Income Inequality database to analyze income inequality. Romania's macroeconomic result (GDP per capita) registered a continuous growth trend in the period 1990-2019. The Gini coefficient has followed the same dynamics. At first sight, this fact highlights that the phenomenon of economic growth has widened the gap between the rich and the poor in Romania in the examined period.
