THE SIMON KUZNETS'S INFLUENCE ON THE DEVELOPMENT OF ECONOMETRICS AND ENVIRONMENTAL ECONOMICS
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 7, Issue 160
Abstract
S. Kuznets's empirical and theoretical researches of the economical growth and economical development, made in 1940 – 1960th, became a main source for upgrading the econometrical models of those processes. The ideas of S. Kuznets gave a beginning for two outstanding directions of the applied literature. The first one deals with the Kuznets's cycles, that have approximately 20 years length period. The second direction appeared after the Kuznets's hypothesis about the unequal allocation of income in a process of economical growth. Kuznets made an assumption, that this inequality growth first and then rolls off. This dependence was named "Kuznets curve". An appearance of new works is caused by creation of new econometrical methods and models (panel data, nonstationarity) and by putting forward new theoretical explanations of the phenomenon. Similarly to the original Kuznets curve in the early 1990th "Environmental Kuznets curve" was suggested. After appearance of that concept plenty of econometrical researches were done. On our opinion, the Kuznets's scientific heritage includes great unsolved potential. The usage of this potential will promote a further progress of economical theory.
Authors and Affiliations
Oleksandr Chernyak, Oleg Komashko
OPERATIONS OF THE CENTRAL BANK ON THE FINANCIAL MARKET FOR THE PERIOD OF EXIT FROM THE RECESSION
The global economy is currently facing one of the longest recessions in the past fifty years. The way out of the Great recession requires active measures to stimulate the demand in the economy. However, distinctive featu...
OVERCOMING THE "INFORMATION GAP" IN EDUCATIONAL TRAINING OF INTERNATIONAL ECONOMISTS
The article analyzes the approaches to compliance methodological heritage of macro-and microeconomics theory to modern economic development challenges. Thesis about need of the methodological tools extension for the anal...
GRAPHICAL ANALYSIS OF LAFFER'S THEORY FOR BENELUX COUNTRIES DURING 1995-2012
Concerns about finding a tax burden rate, that generates the largest amount of tax revenues, have attracted the attention of researchers all the time. Law scarcity of public financial resources in relation to public expe...
Institutional Support of Security Budget of Ukraine
Institutional environment is an internal part of the economic order and provides both outside ensures or weaken its functioning. It concerns imperfect economic legislation, uncoordinated activities of the government's br...
FORMATION OF THE MAIN AREAS OF THE ECONOMY PROSPERITY AND LIVING STANDARDS
Social-economic essence of the category of "social standard of living" is disclosed, and its correlation with the other synonymic categories such as "human wellbeing", "living conditions", "social standard of living", "q...