Income inequality in India and China: the role of infrastructure development, human capital formation and remittance inflows

Padhan, Hemachandra and Rahman, Mohammad Mafizur and Haouas, Ilham (2018) Income inequality in India and China: the role of infrastructure development, human capital formation and remittance inflows. Working Paper. Unpublished , Toowoomba, Australia. [Report]

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Abstract

This study explores the effects of infrastructure development, human capital formation and remittance inflows on the income inequality in India and China. Using annual data from 1980-2013, Bayer-Hanck (2013) combined cointegration and the ARDL bound testing approach to cointegration are employed. The estimated results reveal that there exists a long-run relationship among the variables; and infrastructure development increases and decreases the income inequality in China and India, respectively. On the other hand, human capital formation negatively affects income inequality in both countries both in short and long runs. However, infrastructure development increases income inequality in both countries in the short run. The effects of remittance inflow on the income inequality are negative and positive for China and India, respectively, in short and long runs.


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Item Type: Report (Working Paper)
Item Status: Live Archive
Additional Information: USQ publication.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Commerce
Date Deposited: 22 May 2018 00:32
Last Modified: 22 May 2018 00:32
Uncontrolled Keywords: income inequality; infrastructure development; human capital formation; remittance inflows; ARDL model; India; China
Fields of Research : 14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
14 Economics > 1403 Econometrics > 140305 Time-Series Analysis
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9199 Other Economic Framework > 919999 Economic Framework not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/33995

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