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The Cubic Form Hypothesis And The Flying Geese Pattern Hypothesis Of Income Distribution: The Case Of Korea

Author

Listed:
  • Inyong SHIN

    (Asia University, 5-24-10 Sakai Musashino-shi Tokyo 180-8629 Japan)

  • Eiji YAMAMURA

    (Seinan Gakuin University, 6-2-92 Sawara-ku, Fukuoka, Fukuoka 814-8511 Japan)

  • Hyunho KIM

    (Chonnam National University, 77 Yongbong-ro, Buk-ku, Gwangju 500-575 South Korea)

Abstract

This paper examines the cubic form hypothesis and the flying geese pattern hypothesis of income distribution. We use the time series data for the Gini coefficients of Korea for 1961-2006 and panel data calculated based on the household income survey for the period 1998-2008. We show; (1) The Korean economy has a cubic form inequality as shown in many advanced countries such as the U.S., U.K. and Japan, and (2) Different relationships between income inequality and income level are observed among regions, since less developed rural areas lagged behind more developed urban ones. Thus, the pattern of the change of inequality by region in Korea has similarities to the flying geese pattern and the multiple catching up pattern that are processes of the industrialization of manufacturing.

Suggested Citation

  • Inyong SHIN & Eiji YAMAMURA & Hyunho KIM, 2012. "The Cubic Form Hypothesis And The Flying Geese Pattern Hypothesis Of Income Distribution: The Case Of Korea," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 7(3), pages 5-23, August.
    • Handle: RePEc:rom:terumm:v:7:y:2012:i:3:p:5-23
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    Cited by:

    1. Sung-Jin Kang & Robert Rudolf, 2016. "Rising Or Falling Inequality In Korea? Population Aging And Generational Trends," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(05), pages 1-26, December.
    2. Giovanni Andrea Cornia & Bruno Martorano, 2012. "Development Policies and Income Inequality in Selected Developing Regions, 1980–2010," UNCTAD Discussion Papers 210, United Nations Conference on Trade and Development.

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    More about this item

    Keywords

    Income inequality; Cubic form; Flying geese pattern of development; Multiple catching-up.;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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