Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)

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The Effect of World Oil Price Fluctuations, CO2 Emissions, GDP Per Capita, Government Expenditures and Trade Openness on Income Inequality in ASEAN

Authors
Anisa Riski Apriani1, Winny Perwithosuci1, *
1Department of Economics and Business, University of Muhammadiyah Surakarta, Sukoharjo, Central Java, Indonesia
*Corresponding author. Email: wp927@ums.ac.id
Corresponding Author
Winny Perwithosuci
Available Online 4 October 2023.
DOI
10.2991/978-94-6463-204-0_73How to use a DOI?
Keywords
Income Inequality; World Oil Price; Carbon Dioxide Emissions; GDP per Percapita; Government Expenditure; Trade Openness
Abstract

Income inequality is an economic problem that arises due to rapid economic growth. ASEAN is one region with stable economic growth and development dynamics. This steady economic growth and development are not accompanied by an improvement in the income distribution received by the community. Many factors cause this to happen. This study aims to determine the effect of world oil prices, carbon dioxide emissions, GDP per capita, government spending, and trade openness on income inequality using the Gini index indicator in ASEAN in 2009–2020. This research uses secondary data from panel data consisting of cross sections eight countries in ASEAN and the 2009–2020 time series. The approach method used in estimating panel data for this study is the Fixed Effect Model (FEM). The panel data regression results show that world oil prices have a positive and significant effect on income inequality, and government expenditure and trade openness have a negative and significant impact on income inequality. In contrast, the variable GDP per capita and carbon dioxide emissions have a negative and insignificant effect on income inequality.

Copyright
© 2024 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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Volume Title
Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)
Series
Advances in Economics, Business and Management Research
Publication Date
4 October 2023
ISBN
978-94-6463-204-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-204-0_73How to use a DOI?
Copyright
© 2024 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.

Cite this article

risenwbib
TY  - CONF
AU  - Anisa Riski Apriani
AU  - Winny Perwithosuci
PY  - 2023
DA  - 2023/10/04
TI  - The Effect of World Oil Price Fluctuations, CO₂ Emissions, GDP Per Capita, Government Expenditures and Trade Openness on Income Inequality in ASEAN
BT  - Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)
PB  - Atlantis Press
SP  - 880
EP  - 893
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-204-0_73
DO  - 10.2991/978-94-6463-204-0_73
ID  - Apriani2023
ER  -