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Impact of Macroeconomic Factors on Income Inequality and Income Distribution in Asian Contries

dc.contributor.authorN. P. Ravindra Deyshappriya
dc.date.accessioned2018-01-02T18:11:28Z
dc.date.available2018-01-02T18:11:28Z
dc.date.issued2017-03-30
dc.identifier.urihttp://hdl.handle.net/11540/7716
dc.description.abstractThis study examines the macroeconomic determinants of income inequality using dynamic panel data analysis. Specifically, the study employs dynamic panel data analysis based on the generalized method of moments over 1990–2013 across 33 Asian countries. The World Bank data series was widely used as data for macroeconomic variables while the Gini index was collected from the World Income Inequality Database. In addition to the macroeconomic factors, the study incorporates a series of political economic and demographic factors to provide more realistic estimates. The study found an inverted U-shaped (parabolic) relationship between gross domestic product (GDP) and inequality, supporting the well-known concept, the Kuznets curve. Apart from that, official development assistance (ODA), education, and labor force participation reduce inequality while higher inflation, political risk, terms of trade, and unemployment increase inequality in Asian countries. The study further observed that an initial increase in GDP redistributes income from the bottom 20% of people to the middle class and richest groups. However, further increases in GDP redistribute the income from the top 20% to middle-income and poor groups. Similarly, inflation, unemployment, terms of trade, and ODA are also significant factors of income distribution among Asian countries. This study recommends ensuring higher and steady long-term economic growth, and enhanced access to education and employment while maintaining price stability and political stability to sustain more equal income distribution followed by lower-income inequality in the region.
dc.languageEnglish
dc.publisherAsian Development Bank Institute
dc.titleImpact of Macroeconomic Factors on Income Inequality and Income Distribution in Asian Contries
dc.typeWorking Papers
dc.subject.expertIncome Distribution
dc.subject.expertDemographic Indicators
dc.subject.expertSocial Justice
dc.subject.expertPrice stabilization
dc.subject.expertFood prices
dc.subject.expertPrice policy
dc.subject.expertDevelopment Indicators
dc.subject.expertEnvironmental Indicators
dc.subject.expertEconomic Indicators
dc.subject.expertEducational Indicators
dc.subject.expertDemographic Indicators
dc.subject.expertHealth Indicators
dc.subject.expertDisadvantaged Groups
dc.subject.expertLow Income Groups
dc.subject.expertSocially Disadvantaged Children
dc.subject.adbPoverty Analysis
dc.subject.adbParticipatory Poverty Assessment
dc.subject.adbPoverty Reduction Strategy
dc.subject.adbExtreme Poverty
dc.subject.adbEconomic development
dc.subject.adbGrowth And Poverty
dc.subject.adbMacroeconomic
dc.subject.adbMacroeconomic Analysis
dc.subject.adbMacroeconomic Framework
dc.subject.adbMacroeconomic Models
dc.subject.adbMacroeconomic Performance
dc.subject.adbMacroeconomic Planning
dc.subject.adbMacroeconomic Policies
dc.subject.adbMacroeconomic Reform
dc.subject.adbMacroeconomic Stabilization
dc.subject.naturalSocial change
dc.subject.naturalSocial accounting
dc.subject.naturalInequality of income
dc.subject.naturalEconomic growth
dc.subject.naturalQualilty of Life
dc.subject.naturalOpen price system
dc.subject.naturalPrice fixing
dc.subject.naturalPrice regulation
dc.subject.naturalConsumer price indexes
dc.title.seriesADBI Working Paper Series
dc.title.volumeNo. 696
dc.contributor.imprintAsian Development Bank Institute
oar.themePoverty
oar.themeEconomics
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-007315
oar.authorDeyshappriya, N. P. Ravindra
oar.importTRUE
oar.googlescholar.linkpresenttrue


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    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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