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September 16, 2025Acta Oeconomica

The interplay of economic complexity, financial development, and income inequality in Asia

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Authors

PKParveen KumarPCPooja ChoudharyNKNeeraj Kumar

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Overview

Analysis reveals nuanced effects of economic complexity and financial development on income inequality in Asian countries, suggesting tailored policy strategies.

Key Points

  • Economic complexity reduces income inequality at lower income levels, but increases it at higher levels.
  • Financial development consistently lowers income inequality across different income groups, indicating its effectiveness.
  • This study utilizes ordinary least squares and quantile regression methods for a comprehensive analysis.
  • Understanding these effects is crucial for policymakers to design interventions that promote inclusive growth.

Cite This Study

Kumar et al. (2025) studied this question.

synapsesocial.com/papers/68d454bb31b076d99fa59f24https://doi.org/10.1556/032.2025.00024
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