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THE DISTRIBUTION OF INCOME IN TRINIDAD AND TOBAGO, 1957–76 *
Author(s) -
Dookeran Winston
Publication year - 1981
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1981.tb00209.x
Subject(s) - economics , income distribution , distribution (mathematics) , gross domestic income , gross domestic product , inequality , measures of national income and output , economic inequality , dualism , net national income , gross national income , demographic economics , labour economics , income inequality metrics , macroeconomics , gross income , market economy , mathematical analysis , mathematics , philosophy , epistemology , tax reform , state income tax
This article describes what happens to income distribution during intensive changes in gross domestic product due to external market conditions. It deals specifically with an open market petroleum‐based economy, Trinidad and Tobago, and reviews changes in national product and income levels and the income distribution pattern over the twenty year period 1957–76. The paper argues that during the period characterized by subperiods of steady growth and rapid growth in GDP (the latter associated with the petroleum price rise), income inequality increased between 1957 and 1972 and then decreased in the post petroleum‐price‐rise period of rapid growth 1973–76. While the effect of intensive changes in national product did trickle down to the lower income groups, income inequality in 1975–76 was greater than that existing in 1957–58. An examination of the spatial, occupational and temporal aspect of the distribution pattern points towards the elimination of structural dualism in the economy as the surest path towards greater income equality in Trinidad and Tobago.