Macroeconomic effects of income inequality: Azerbaijan case.
Revista Espacios, vol.41, no.24, pp.42-60, 2020 (Peer-Reviewed Journal)
- Publication Type: Article / Article
- Volume: 41 Issue: 24
- Publication Date: 2020
- Journal Name: Revista Espacios
- Page Numbers: pp.42-60
- Open Archive Collection: Article
- Azerbaijan State University of Economics (UNEC) Affiliated: Yes
Abstract
The paper presents a comparative analysis of the relationship between the Gini coefficient and the GDP per capita in developed and developing countries for 2016 and over 2001-2016 years for Azerbaijan . Investigation shows that the Gini coefficient is declining as the volume of GDP per capita is increasing. The differences between inequalities on households’ income and inequalities on labour wages in the economic sectors, i.e. the difference between the relevant Gini coefficients may be related to differences in household income sources