Making inferences about the polarization, welfare and poverty of nations: a study of 101 countries 1970–1995
Version of Record online: 17 MAY 2004
Copyright © 2004 John Wiley & Sons, Ltd.
Journal of Applied Econometrics
Volume 19, Issue 5, pages 537–550, September/October 2004
How to Cite
Anderson, G. (2004), Making inferences about the polarization, welfare and poverty of nations: a study of 101 countries 1970–1995. J. Appl. Econ., 19: 537–550. doi: 10.1002/jae.750
- Issue online: 25 SEP 2004
- Version of Record online: 17 MAY 2004
- Manuscript Revised: 4 AUG 2003
- Manuscript Received: 26 APR 2002
Stochastic Dominance techniques are adapted and employed to study the extent and progress of Polarization, Welfare and Poverty of 101 nations over the period 1970–1995. The adaptations provide methods of comparing mass relocation by evaluating various degrees of right and left separation between distributions. The results reveal that, whilst welfare increased and then diminished and poverty diminished and then increased, polarization between rich and poor countries continued unabated throughout the period emphasizing the distinction between polarization and inequality. Copyright © 2004 John Wiley & Sons, Ltd.