TITLE:
Is There a Kuznets Curve in China’s Rural Area?—An Empirical Analysis on Provincial Panel Data
AUTHORS:
Jian Zhan
KEYWORDS:
Economic Development, Rural Income Distribution, Kuznets Curve
JOURNAL NAME:
Modern Economy,
Vol.7 No.4,
April
19,
2016
ABSTRACT: The academia always
argue about whether there is a Kuznets curve for a long time, however, rare
people care about Kuznets curve in countryside. The thesis first analyzes the
possibility of the Kuznets curve in China’ rural area theoretically; and then
based on the provincial panel data, the thesis adopts fixed effect and random
effect models to analyze the relationship between China’s rural economic growth
and income distribution inequality among rural residents, so as to verify
whether the Kuznets curve is applicable in the rural area of our country. The
results show that there is a Kuznets curve in the process of rural economic
development in China, namely there is a reversed U-shaped relationship between
rural economic growth and income inequality within rural residents. At the same
time, the economic growth of most provinces has not yet reached the inflection
point to reduce the income inequality degree.