Financial development, income inequality, and CO2 emissions in Asian countries using STIRPAT model

2017 ◽  
Vol 25 (7) ◽  
pp. 6308-6319 ◽  
Author(s):  
Abdul Qayyum Khan ◽  
Naima Saleem ◽  
Syeda Tamkeen Fatima
Keyword(s):  
Income Inequality ◽  
Co2 Emissions ◽  
Financial Development ◽  
Asian Countries ◽  
Stirpat Model

Analyzing extended STIRPAT model of urbanization and CO2 emissions in Asian countries

2020 ◽  
Vol 27 (36) ◽  
pp. 45911-45924
Author(s):  
Misbah Nosheen ◽  
Muhammad Ali Abbasi ◽  
Javed Iqbal
Keyword(s):  
Co2 Emissions ◽  
Asian Countries ◽  
Stirpat Model

scholarly journals The Relationship Between CO2 Emissions, Economic and Financial Development and Fossil Fuel Energy Consumption in Central Asia

2016 ◽  
Author(s):  
Mahmut Erdoğan ◽  
Junus Ganiev
Keyword(s):  
Energy Consumption ◽  
Central Asia ◽  
Co2 Emissions ◽  
Financial Development ◽  
Fossil Fuel ◽  
Asian Countries ◽  
Central Asian ◽  
Central Asian Countries ◽  
Fossil Fuel Energy ◽  
Fossil Fuel Energy Consumption

Although environmental deterioration is a main result of the process of economic growth, global warming and climate change has been threating the quality of human life. Though Central Asian countries (Azerbaijan, Kazakhstan, Kyrgyzstan, Georgia, Tajikistan, Turkmenistan, Uzbekistan and Armenia) signed to Kyoto protocol to decrease CO2 emission levels, these countries still have environmental pollution concerns. This paper examines relationships between CO2 emissions, economic and financial development and fossil fuel energy consumption for a panel of Central Asian countries over the period 1992-2013. The findings of this study show that an inverted U shape environmental Kuznets curve for Central Asia. Moreover, energy consumption and urbanization are found to have positive effects on CO2 emissions. However, analysis suggests that financial development and trade openness are essential factors for the reduction of CO2 emissions.

scholarly journals Exploring the Impact of Financial Development on Inequality: Evidence from Three Asian Countries

2018 ◽  
Vol 4 (2) ◽  
pp. 341-355 ◽  
Author(s):  
Abdul Qayyum Khan ◽  
Muhammad Haroon Hafeez ◽  
Naima Saleem ◽  
Muhammad Azam
Keyword(s):  
Growth Rate ◽  
Human Capital ◽  
Income Inequality ◽  
Financial Development ◽  
Positive Relationship ◽  
Trade Openness ◽  
Gdp Growth ◽  
Asian Countries ◽  
Gdp Growth Rate ◽  
The Impact

The broad objective of the present study is to investigate the impact of financial development along with some other variables namely GDP per capita, inflation rate, human capital, and trade openness for three developing Asian countries- Bangladesh, India and Pakistan. Annual time series data during the period 1980-2014 have been used for empirical investigation. After employing appropriate tests and estimation techniques, it is found that the financial development is statistically insignificant for all three countries, it implies that yet these developing countries are not efficiently allocating domestic private credit to poor segments of population. The results also reveal that inflation impedes income inequality for Bangladesh and India.  GDP growth rate is insignificant for India and Pakistan however it is significant for Bangladesh having statistically positive relationship with income inequality. It means that GDP growth rate is linked with growth of income of elite class rather than bottom segments of population. National income improves inequality for Bangladesh but have insignificant affect on income inequality for India and Pakistan. Similarly, trade openness is insignificant for India and Pakistan, however it is significant for Bangladesh having statistically positive relationship with income inequality, which indicates that there is increasing unemployment in these countries due to lesser employment opportunities for skilled and unskilled labour. Empirical results of human capital shows insignificancy for India and Pakistan where as it is significant for Bangladesh; hence revealing that these countries failed to optimally utilize their resources in educational sector.

Does financial development help bridge the gap in income inequality? Evidence from selected Asian countries

2021 ◽  
Vol 12 (1) ◽  
pp. 136-136
Author(s):  
Nur Syazwani Mazlan
Keyword(s):  
Economic Development ◽  
Regression Analysis ◽  
Income Inequality ◽  
Financial Development ◽  
Positive Relationship ◽  
Panel Regression ◽  
Asian Countries ◽  
Level Of Economic Development ◽  
High Level ◽  
The Impact

This study delves into the effects of financial development (FD) on income inequality (IE), involving 12 Asian countries, with three different income level groups, over a period of 14 years (between 1993 and 2017). The three groups concerned comprise countries with a low, middle and high level of economic development. The findings derived through panel regression analysis, suggest that the impact of financial development on income inequality, with regards to the Asian countries selected for this investigation, is dependent on their level of economic development. It was also established, that for countries with a low economic standing, financial development has a positive relationship with income inequality.

Credit Market Depth and Income Inequality in Vietnam: A Panel-Data Analysis

2016 ◽  
pp. 5-18
Author(s):  
Hoi Le Quoc ◽  
Hoi Chu Minh
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Income Inequality ◽  
Financial Development ◽  
Inflection Point ◽  
Panel Data Analysis ◽  
Credit Market ◽  
Method Of Moment ◽  
Market Depth ◽  
Generalized Method Of Moment

Financial development could exert various effects on income distribution of a country. By employing Generalized Method of Moment, this paper aims at examining the impacts of credit market depth, one of most used financial development barometers, on income inequality in Vietnam. The empirical findings show that expanding credit market in the country could lead to higher income inequality. We have not found evidence that supports the hypothesis of an inverted U-shaped relation ever introduced by Greenwood and Jovanovich, although this hypothesis may still hold in a sense that Vietnam has not reached to the inflection point to generate such a curve alike.

Impact of Financial Development on Income Inequality in Vietnam

2016 ◽  
Vol 23 (2) ◽  
pp. 22-37 ◽  
Author(s):  
CHU MINH HOI ◽  
LE QUOC HOI
Keyword(s):  
Income Inequality ◽  
Financial Development

scholarly journals Sustainable Utilization of Financial and Institutional Resources in Reducing Income Inequality and Poverty

2021 ◽  
Vol 13 (3) ◽  
pp. 1038
Author(s):  
Atta Ullah ◽  
Zhao Kui ◽  
Saif Ullah ◽  
Chen Pinglu ◽  
Saba Khan
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Financial Development ◽  
Institutional Quality ◽  
Vital Role ◽  
Electronic Government ◽  
Sustainable Utilization ◽  
One Belt One Road ◽  
Institutional Resources ◽  
Belt And Road

This study aims to determine the role of globalization, electronic government, financial development, concerning the moderation of institutional quality in reducing income inequality and poverty in One Belt One Road countries. The electronic government and regional integration of the economies of the One Belt One Road countries has increased globalization and can play a vital role in reducing income inequality and poverty. However, this globalization and digital transformation of government systems can only be beneficial in the presence of good institutional quality. The sample includes 64 One Belt One Road countries from 2003 to 2018. We employed a two-step system generalized method of moment (Sys-GMM) and a robustness check through Driscoll–Kraay standard errors regression. Our findings show that globalization, economic growth, e-government development, government expenditure, and inflation have a statistically significant and negative impact on income inequality and are key to eradicating income inequality and poverty. On the other hand, financial development, gross capital formation, and population size positively influence income inequality, which causes an increase in poverty and income inequality as financial development and population levels increase. Moderating variable institutional quality also positively impacts income inequality, which means that institutional quality in Belt and Road Countries is weak, as they are mostly developing countries that need to improve their systems. Moreover, the marginal effect also revealed that institutional quality has a corrective effect on the factors’ relationship with income inequality. Our findings endorse and conclude that globalization and e-government development improve economic growth and eradicate poverty and income inequality by boosting digitalization, investments, job creation, and wage increases for semi-skilled and unskilled human capital in Belt and Road countries. The sustainable utilization of financial and institutional resources plays a vital role in reducing income inequality and poverty in Belt and Road countries.

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