From: Anders Sandberg (asa@nada.kth.se)
Date: Thu Apr 10 2003 - 02:44:31 MDT
> > On Wed, Apr 09, 2003 at 02:56:04AM -0700, Lee Corbin wrote:
> >
> > Define "internally worse". That rapid growth of GDP seems correlated with
> > increasing inequality seems well-accepted
I plotted the Gini coefficients vs. GDP growth rate over the last
years (from http://www.bartleby.com/151/a63.html). The result can
be seen at http://www.nada.kth.se/~asa/bilder/ginigrow.png
The overall trend seems to be that high inequality is a little bad
for growth, but there is much noise and the trend is very weak.
The notable outliers are Zimbabwe with -6.5% GDP and a whopping
0.568 coefficient, and Kazakhstan growing with 12.2% with 0.327 (I
wouldn't trust that growth figure much, sounds very like official
statistics). The US is at 2.4% and 0.312. I don't think this kind
of inequality has any real bearing on growth, other than possibly a
negative influence. I recall that I did a similar plot a while ago
(it is likely in the archives) of GDP per capita and the
coefficient, and it also did not show much. Of course, it is quite
possible that the coefficient per se is a hopeless measure.
-- ----------------------------------------------------------------------- Anders Sandberg Towards Ascension! asa@nada.kth.se http://www.nada.kth.se/~asa/ GCS/M/S/O d++ -p+ c++++ !l u+ e++ m++ s+/+ n--- h+/* f+ g+ w++ t+ r+ !y
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