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Full-Text Articles in Economic Theory
The Role Of Income Inequality As A Predictor Of Per Capita Gross Domestic Product, Daniel Friedberg
The Role Of Income Inequality As A Predictor Of Per Capita Gross Domestic Product, Daniel Friedberg
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The role of income inequality in relation to gross domestic product is of great importance in modern time. Income inequality is a pressing phenomenon in the fields of economics, politics, and sociology, while Gross Domestic Product is the benchmark statistic in measuring the health of any economy. But how well does income inequality serve as a predictor for the level of Purchasing Power Parity (PPP) GDP per capita within a nation? This cross-sectional study determines that the GINI Index has no significant statistical relationship with PPP GDP per capita level. While income inequality is a major economic variable that contributes …