Quantifying the Economic Development Dynamics of a Country Based on the Lorenz Curve

The welfare of a country depends on its economic development. In order to have the impact it, we should possibility quantitatively assess situation at desired point in time. Economic development, as multifaceted and complex phenomenon, is reflected two dimensions – intensity uniformity. These mentioned above can be viewed partial indicators dynamics. Two main approaches measuring development uniformity distinguished. one cases, it measured basis an index that includes results country's other case, values reflecting all essential actions are combined appropriate way. From scientific view, second approach more accurate allows for better assessment nature country’s On hand, application today still problematic due fact models this differ terms both number composition indicators. For reason, not possible compare countries. Therefore, international practice, countries by gross domestic product per capita (GDP). Based GDP indicator, method measurement proposed essence which ratio length ideal trajectory during period under review actual trajectory. Without ruling out appropriateness such assessing uniformity, makes sense look alternative methods. sense, methods allow extent fluctuations phenomenon consideration feature dynamics suitable. include Gini coefficient, determined from Lorenz curve.