See full answer to your question here. Moreover, what does the Kuznets curve represent?
zn?ts/) graphs the hypothesis that as an economy develops, market forces first increase and then decrease economic inequality. The hypothesis was first advanced by economist Simon Kuznets in the 1950s and 1960s.
One may also ask, why we might expect an inverted U shape relationship between environmental pollutants and income? "The inverted U-shape is consistent with a scenario in which industrial development initially leads to greater raw emissions of these pollutants, but net emissions eventually decline as the increase in income associated with further development raises the demand for health and environmental quality.
Moreover, what is the EKC?
The environmental Kuznets curve (EKC) is a hypothesized relationship between various indicators of environmental degradation and income per capita. The EKC is named for Kuznets (1955) who hypothesized that income inequality first rises and then falls as economic development proceeds.
What is Kuznets inverted U hypothesis?
Kuznets' inverted-U hypothesis implies that economic growth worsens income inequality first and improves it later at a higher stage of economic development.
