What Factors Affect Income Inequality and Economic Growth in Middle-Income Countries?

Vo, Duc Hong; Nguyen, Thang Cong; Tran, Ngoc Phu

doi:10.3390/jrfm12010040

Cited by 51 publications

(41 citation statements)

References 52 publications

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“…restrictions. On the way to implementing such a normative approach, a particularly difficult task is the reliable assessment of the consequences of deepening wage differentiation (e.g., Vo et al, 2019), which will definitely increase in the coming decade of digitalization. A more flexible and pragmatic approach concludes in determining ranges of the sustainable distribution of income and capital specific to certain countries, based on the steadily positive impact of these processes on economic output and its main factors (Cingano, 2014;Dabla-Norris et al, 2015, Taylor et al, 2016.…”

Section: Results Ii: Reality Of the Transition To Sustainable Transformentioning

confidence: 99%

Sustainable Progress – The Achievable Result of Overall Social System Transformation

Martynov¹

2020

SSSR

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The paper concerns the fundamental issues of the sustainable social progress. As follows from the argumentation, a realistic design of institutional changes in connection with resource and organizational changes needed for sustainable progress is called for to realize in the line of overall social system transformation. This approach presupposes an exhaustive study of interconnected transformations in the main societal fields as system processes considering the influence of relatively exogenous factors (technological, demographic and climate changes). In turn, it is advisable, taking in view current world challenges, to expose an idea of universal sustainability, the property of which is inherent in all social practices, and not just mediating the relationship between society and its environment.The first result of study concludes in revealing the fundamentals of overall social system sustainability. The second result: the transition to sustainable transformation of society supposes the synergetic implementation of structure-forming system and policy-driven shifts.

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Section: Results Ii: Reality Of the Transition To Sustainable Transformentioning

confidence: 99%

Sustainable Progress – The Achievable Result of Overall Social System Transformation

Martynov¹

2020

SSSR

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“…The development of derivative markets also causes growth volatility in India, both in the short and long term. Vo et al (2019a) view income inequality in many middle-income countries as having increased at an alarming level. While the time series relationship between income inequality and economic growth has been extensively investigated, the causal and dynamic link between them, particularly for the middle-income countries, has been largely ignored in the current literature.…”

Section: Discussion Of the Review Papersmentioning

confidence: 99%

Editorial for Applied Econometrics

Chang

2020

JRFM

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This Editorial evaluates 14 invaluable and interesting articles in the Special Issue “Applied Econometrics” for the Journal of Risk and Financial Management (JRFM). The topics covered include recovering historical inflation data from postage stamps prices, FHA loans in foreclosure proceedings through distinguishing sources of interdependence in competing risks, information in earnings forecasts, nonlinear time series modeling, a systemic approach to management control through determining factors, economic freedom and FDI versus economic growth, efficient cash use of the Taiwan dollar, financial health prediction in companies from post-Communist countries, influence of misery index on U.S. Presidential political elections, multivariate student versus Gaussian regression models in finance, financial derivatives markets and economic development, income inequality and economic growth in middle-income countries, abnormal returns, mis-measured risk, network effects, and risk spillovers in stock returns.

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“…The main study result is that there is a negative and statistically significant connection between economic growth and economic inequality in long-term period, while in short-term period the authors have not found statistically important relation of research variables. By examining the causality of economic growth and economic inequality, Vo Nguyen, Tran and Vo (2018) have established on the example of 158 analyzed countries that two-way causality of the observed variables is present. Additionally, the authors have shown that in the countries with the mean level income, economic inequality negatively reflects on economic growth.…”

Section: H 0 : Cross-section Randommentioning

confidence: 99%

Economic growth and economic inequality in Visegrád countries: Empirical analysis

Lojanica¹,

Tubić-Ćurčić²

2019

Škola biznisa

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Since economic inequality represents a burning issue nowadays, the examination of its connection to the dynamics of economic growth is very important. The application of econometric methodology in modeling dependency of economic growth and economic inequality is becoming more and more widespread. In this paper we examine the impact of economic growth on the movement of economic inequality in Visegrád countries in the period from 2005 to 2015, by applying econometric methodology in the area of regression panel model analysis. The results show that the economic growth does not result in reduction of economic inequality. More precisely, an increase of 1% in economic growth leads to the growth of GINI coefficient by 0.19%. In the context of the reduction of economic inequality, policy-makers should pay special attention to socio-democratic factors of inequality, as well as to the tax (redistributive) policy.

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What Factors Affect Income Inequality and Economic Growth in Middle-Income Countries?

Cited by 51 publications

References 52 publications

Sustainable Progress – The Achievable Result of Overall Social System Transformation

Sustainable Progress – The Achievable Result of Overall Social System Transformation

Editorial for Applied Econometrics

Economic growth and economic inequality in Visegrád countries: Empirical analysis

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