Answers are grounded in this paper and cite their sources.
One of the issues faced by countries in asia is income inequality. Economic development is expected to improvepeoples living standards to minimize the gap between low-income and high-income populations. One of economicdevelopment is through financial development. The financial sector plays an important role in the economy of acountry, the development of the financial sector will indirectly increase the output of other sectors so as to tie thevalue of the gross domestic product (gdp). In addition to equality and economic growth, economic developmentalso needs to see whether the two are related to human development as described in the poverty-growth-inequality triangle (pgi triangle). The purpose of this study is to see a picture of the inequality of income distribution, financial development and human development in six asian countries. The analysis used descriptive statistics and panel data regression, specifically fixed effect model (fem) and the random effect model (rem). The result showed that there is a significant influence between financial development and human development on income inequality, the higher the financial development will reduce the level of inequality of a country. Meanwhile, the high value of human development actually increases inequality.
No takes yet. Share an insight, caveat, or question.
Putra et al. (2020) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: