Income inequality in India and China: the role of infrastructure development, human capital formation and remittance inflows
Working paper
Title | Income inequality in India and China: the role of infrastructure development, human capital formation and remittance inflows |
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Report Type | Working paper |
Authors | Padhan, Hemachandra (Author), Rahman, Mohammad Mafizur (Author) and Haouas, Ilham (Author) |
Institution of Origin | University of Southern Queensland |
Number of Pages | 35 |
Year | 2018 |
Publisher | Unpublished |
Place of Publication | Toowoomba, Australia |
Abstract | This study explores the effects of infrastructure development, human capital formation and remittance inflows on the income inequality in India and China. Using annual data from 1980-2013, Bayer-Hanck (2013) combined cointegration and the ARDL bound testing approach to cointegration are employed. The estimated results reveal that there exists a long-run relationship among the variables; and infrastructure development increases and decreases the income inequality in China and India, respectively. On the other hand, human capital formation negatively affects income inequality in both countries both in short and long runs. However, infrastructure development increases income inequality in both countries in the short run. The effects of remittance inflow on the income inequality are negative and positive for China and India, respectively, in short and long runs. |
Keywords | income inequality; infrastructure development; human capital formation; remittance inflows; ARDL model; India; China |
ANZSRC Field of Research 2020 | 440499. Development studies not elsewhere classified |
380205. Time-series analysis | |
Public Notes | File reproduced in accordance with the copyright policy of the publisher/author. |
Byline Affiliations | National Institute of Technology Rourkela, India |
School of Commerce | |
Abu Dhabi University, United Arab Emirates |
https://research.usq.edu.au/item/q4q4w/income-inequality-in-india-and-china-the-role-of-infrastructure-development-human-capital-formation-and-remittance-inflows
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