Income inequality in China 1952-2017: persistence and main determinants

IF 7.6 1区经济学 Q1 ECONOMICS

Oeconomia Copernicana Pub Date : 2021-12-21 DOI:10.24136/oc.2021.028

M. Škare, L. Gil‐Alana, Gloria Claudio-Quiroga, Romina Pržiklas Družeta

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引用次数: 10

Abstract

Research background: China's economic growth, however remarkable, is due to the Harrod-Domar nature of economic growth and, therefore, limited. The main limitation lies in the extension of the neoclassical growth model and the government need to decrease regional disparities using new migration, urbanization and social policy. Purpose of the article: It is the rising regional disparity in the total factor productivity to cause the income inequality increase (measured by GINI index) in China from 1952?2017. Our paper brings new insight into the main inequality determinants and causes in China, using a fractional integration modeling framework. Methods: Using fractional integration, we find total factor productivity (TFP), real gross domestic product per capita and growth and expenditures for the social safety net and employment effort to have a statistically significant impact on GINI. Income inequality in China is of a persistent nature with the effects of the shocks affecting the GINI index enduring over time. Findings & value added: The results of this study highlight the importance for model/policy changes by the policy makers and practitioners in China to deal with the inequality issue. This involves improving the growth model through innovation and technological advancement, relaxing TFP dependence on the physical inputs (labor and capital) to reduce income inequality.

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1952-2017年中国收入不平等:持续性与主要决定因素

研究背景：中国的经济增长，无论多么显著，都是由于经济增长的哈罗德-多马尔性质，因此是有限的。主要的局限性在于新古典增长模式的扩展，政府需要利用新的移民、城市化和社会政策来减少地区差异。本文的目的：1952年以来，中国收入不平等（以基尼系数衡量）加剧的原因是全要素生产率地区差异的加剧？2017年。我们的论文使用分数积分建模框架，对中国主要的不平等决定因素和原因进行了新的见解。方法：使用分数积分，我们发现全要素生产率（TFP）、实际人均国内生产总值、社会安全网和就业努力的增长和支出对基尼系数有统计学显著影响。中国的收入不平等具有持续性，影响基尼系数的冲击效应会随着时间的推移而持续。研究结果和附加值：这项研究的结果强调了中国政策制定者和从业者改变模式/政策以解决不平等问题的重要性。这包括通过创新和技术进步改善增长模式，放松全要素生产率对实物投入（劳动力和资本）的依赖，以减少收入不平等。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Oeconomia Copernicana ECONOMICS-

CiteScore

13.70

自引率

5.90%

发文量

审稿时长

24 weeks

期刊介绍： The Oeconomia Copernicana is an academic quarterly journal aimed at academicians, economic policymakers, and students studying finance, accounting, management, and economics. It publishes academic articles on contemporary issues in economics, finance, banking, accounting, and management from various research perspectives. The journal's mission is to publish advanced theoretical and empirical research that contributes to the development of these disciplines and has practical relevance. The journal encourages the use of various research methods, including falsification of conventional understanding, theory building through inductive or qualitative research, first empirical testing of theories, meta-analysis with theoretical implications, constructive replication, and a combination of qualitative, quantitative, field, laboratory, and meta-analytic approaches. While the journal prioritizes comprehensive manuscripts that include methodological-based theoretical and empirical research with implications for policymaking, it also welcomes submissions focused solely on theory or methodology.