Inequality and economic growth: theoretical and operational approach

Abstract

The relationship between inequality and the process of economic development is still controversial. In this paper, besides a short overview of the economic literature, we present selected models used to verify the relationship between growth and inequality. We also make a brief analysis of income inequality and poverty in Romania.

Keywords

• economic growth
• economic inequality
• Kuznets curve
• Gini coefficient
• income distribution
• welfare economics