The Effects of Macroeconomic Variables on Income Inequality Based on Cross-Section Analysis

DOI

10.2991/978-94-6463-052-7_40How to use a DOI?

Keywords

Income inequality; R&D expenditure; GINI index; Tariff rate

Abstract

Almost all countries in the world are experiencing economic growth and technological progress, but the gap between rich and poor is also steadily widening. As a result, the income inequality has become an important issue that every country must face. Using cross-sectional data from 54 different countries in 2013, this study examines the influencing factors of income inequality. Data analysis shows that external balance, R&D expenditure and inflation have a positive impact on the Gini index. Moreover, higher tariff levels and exports of goods and services will reduce income inequality. This paper helps to explain the problems with macroeconomic tools and the causes of income inequality.

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Bingyue Bai
PY  - 2022
DA  - 2022/12/27
TI  - The Effects of Macroeconomic Variables on Income Inequality Based on Cross-Section Analysis
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 345
EP  - 353
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_40
DO  - 10.2991/978-94-6463-052-7_40
ID  - Bai2022
ER  -