Abstract
This study investigates the relative importance of synchronization of income inequality, measured by the Gini coefficient, using a dynamic factor model. This study finds that global factors are relatively stable, whereas regional factors have heterogeneous effects on income inequality fluctuations. Additionally, regional factors account more significantly for the future variance of income inequality than global factors, which is evidence of convergence within each continent.
| Original language | English |
|---|---|
| Pages (from-to) | 1195-1200 |
| Number of pages | 6 |
| Journal | Applied Economics Letters |
| Volume | 31 |
| Issue number | 13 |
| DOIs | |
| State | Published - 2024 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 1 No Poverty -
SDG 10 Reduced Inequalities
Keywords
- comovement
- dynamic factor model
- globalization
- Income inequality
Quacquarelli Symonds(QS) Subject Topics
- Economics & Econometrics
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