Equality, Participation, Transition: Essays in Honour of Branko Horvat

64 Determinants of Income Inequality
(a)
Gini points
(b)
Gini points
20
15
10
5
0
–5
–10
–15
–20
15
10
5
0
–5
–10
–15
Figure 4.3 The Residuals … . (a) from equation (1); (b) from equation (7)
elements alone would make inequality in Africa, Asia, and Latin
America some 15 to 16 Gini points greater than in OECD countries. It
is interesting to observe that, despite other differences, Africa and Latin
America display very similar patterns in the explanation of inequality.
Asia, however, is different because the Asia dummy variable lowers