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World income distribution and mobility

✍ Scribed by Beishan Xu; Jinzhong Guo; Ning Xi; Qinghua Chen; Yougui Wang

Publisher
Elsevier
Year
2010
Tongue
English
Weight
358 KB
Volume
3
Category
Article
ISSN
1875-3892

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✦ Synopsis

In this paper, we show that over the period 1970-2007, the world income distribution expressed in terms of GDP per capita invariably scales down as an exponential law. To visualize dynamical characteristics behind this macro-stability, we use a clock form to present the GDP per capita and rank of the 163 countries over 38 years. Correspondingly, the average variations over time are quantified by absolute and relative mobility indexes. Furthermore, a growth mobility index concerning the share of each country is proposed and its decomposition is also presented in the clock form.

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