Income Inequality In Asean Countries

Furthermore it utilizes panel data for low middle income asean countries.

Income inequality in asean countries. Malaysia 46 2 in 2009. With greater wealth concentrated in fewer hands within the third second smallest population in asean it s no surprise that singapore had one of the highest gini coefficients in the region in 2017 at 0 459. The objective of this paper is to analyse the impact of fdi inflows on income inequality in asean 5 countries for the1970 2011 period. The result shows that the share of agricultural sector in gdp has a significant and negative relationship with income inequality.

The global wealth report 2018 published by the credit suisse research institute showed thailand scoring 90 2 on the gini coefficient also the gini index making it a country with the widest income inequality in the asean and one of four worst performers on the world chart which include ukraine 95 5 kazakhstan 95 2 and egypt 90 9. This book contributes to the existing literature on inequality in asia by overviewing the new trend of inequality in asia and investigating the drivers of rising inequality in various asian countries. In fact the effect is robust for the incorporation of control variables. This study is different from other studies as it employs different approach than that was previously used in this area.

In asia despite recent economic growth income distribution has been worsening as well. The gini coefficient increased in four of our most populous countries home to over 70 percent of the region s population. Inequality remains high as indicated by the gini coefficient a measure in which 0 is perfect equality and 1 is perfect inequality in the more developed asean states. Furthermore it utilizes panel data for low middle income asean countries.

Human societal and economic costs are real. Development countries late 2000s35 3 1 income inequality decomposition by educational attainment of household head44 3 2 labor income share of industry in major organisation for economic co operation and development countries 1980 201045 3 3 share of labor income in industrial manufacturing value added in selected asian economies46. The coefficient ranges from 0 to 1 representing perfect income equality and inequality respectively. This paper aims to explore the relationship between growth in economic sectors especially manufacturing service and agriculture towards income inequality.