What drives income inequality? Bayesian evidence from the emerging market economies
ABSTRACTWhat drives income inequality in emerging market economies? To end it, we approach this topic utilizing Bayesian model averaging and 27 emerging market economies panel dataset from 1990 to 2019. First, differently, we find a U-shaped Kuznets curve in emerging market economies rather than the...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2023-12-01
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| Series: | Journal of Applied Economics |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/15140326.2023.2237692 |
| _version_ | 1797404440773263360 |
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| author | Shengquan Wang Yuan Gao Mingjin Luo |
| author_facet | Shengquan Wang Yuan Gao Mingjin Luo |
| author_sort | Shengquan Wang |
| collection | DOAJ |
| description | ABSTRACTWhat drives income inequality in emerging market economies? To end it, we approach this topic utilizing Bayesian model averaging and 27 emerging market economies panel dataset from 1990 to 2019. First, differently, we find a U-shaped Kuznets curve in emerging market economies rather than the notable inverted U-shaped curve. Besides, we find four strictly robust determinants of income inequality in emerging market economies, including the population aging, the female labor force participation, the unemployment level and the share of labor compensation in output. These results remain stable through a series of robustness checks. In most cases, the government expenditure and real exchange rate could also robustly drive the dynamics of income inequality in emerging market economies. Further, a comparative analysis suggests that financial development, inflation, human capital condition, total factor productivity and urbanization are distinct determinants of income inequality in the market economies. |
| first_indexed | 2024-03-09T02:55:00Z |
| format | Article |
| id | doaj.art-568ccce109c34c019cdfd2055b1bab15 |
| institution | Directory Open Access Journal |
| issn | 1514-0326 1667-6726 |
| language | English |
| last_indexed | 2024-03-09T02:55:00Z |
| publishDate | 2023-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Journal of Applied Economics |
| spelling | doaj.art-568ccce109c34c019cdfd2055b1bab152023-12-05T07:07:33ZengTaylor & Francis GroupJournal of Applied Economics1514-03261667-67262023-12-0126110.1080/15140326.2023.2237692What drives income inequality? Bayesian evidence from the emerging market economiesShengquan Wang0Yuan Gao1Mingjin Luo2Institute of Advanced Studies in Humanities and Social Sciences, Beijing Normal University, Zhuhai, ChinaBay Area International Business School, Beijing Normal University, Zhuhai, ChinaInternational Development Cooperation Academy, Shanghai University of International Business and Economics, Shanghai, ChinaABSTRACTWhat drives income inequality in emerging market economies? To end it, we approach this topic utilizing Bayesian model averaging and 27 emerging market economies panel dataset from 1990 to 2019. First, differently, we find a U-shaped Kuznets curve in emerging market economies rather than the notable inverted U-shaped curve. Besides, we find four strictly robust determinants of income inequality in emerging market economies, including the population aging, the female labor force participation, the unemployment level and the share of labor compensation in output. These results remain stable through a series of robustness checks. In most cases, the government expenditure and real exchange rate could also robustly drive the dynamics of income inequality in emerging market economies. Further, a comparative analysis suggests that financial development, inflation, human capital condition, total factor productivity and urbanization are distinct determinants of income inequality in the market economies.https://www.tandfonline.com/doi/10.1080/15140326.2023.2237692Income inequalitydriversBayesian model averagingemerging market economies |
| spellingShingle | Shengquan Wang Yuan Gao Mingjin Luo What drives income inequality? Bayesian evidence from the emerging market economies Journal of Applied Economics Income inequality drivers Bayesian model averaging emerging market economies |
| title | What drives income inequality? Bayesian evidence from the emerging market economies |
| title_full | What drives income inequality? Bayesian evidence from the emerging market economies |
| title_fullStr | What drives income inequality? Bayesian evidence from the emerging market economies |
| title_full_unstemmed | What drives income inequality? Bayesian evidence from the emerging market economies |
| title_short | What drives income inequality? Bayesian evidence from the emerging market economies |
| title_sort | what drives income inequality bayesian evidence from the emerging market economies |
| topic | Income inequality drivers Bayesian model averaging emerging market economies |
| url | https://www.tandfonline.com/doi/10.1080/15140326.2023.2237692 |
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