scholarly journals Nonlinear Dynamics in the Finance-Inequality Nexus in China-CHNS Data

2019 ◽  
Vol 11 (1) ◽  
pp. 191 ◽  
Author(s):  
Mohammad Masudur Rahman ◽  
Guan Fuquan ◽  
Laila Arjuman Ara

This paper empirically investigates the effects of financial development on incomes of Chinese residents particularly within various income groups using data from six provinces by applying the Quantile Regression model. The Greenwood and Jovanovich hypothesis that illustrates the inverted U shaped relationship between financial development and income inequality is tested. This empirical study demonstrates that financial development has a positive but non-linear effect on the annual income of individuals from various income groups at different quantiles. The effect is an inverted U or Kuznets effect indicating an increase at first and then a drop. As for the distribution of the impact on various income groups, the low-income group is under the most dominant influence followed by the high-income group with the middle-income groups receiving relatively smaller influence. Findings indicate that promoting balanced financial development would help to ease the income gap between Chinese residents.

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4503
Author(s):  
Wen-Chi Yang ◽  
Wen-Min Lu ◽  
Alagu Perumal Ramasamy

This study estimates the environmental efficiency of 150 economies during the period of 2010–2017 to understand the environmental efficiency trend worldwide. This research adopts the meta-Malmquist approach to compare and capture the dynamic change in environmental efficiency among different income groups. The empirical results indicate that among the four income groups, only the low-income group suffers from regression in terms of environmental efficiency, while the high-income group achieves the greatest progress. For the high-income group, the source of improvement originates from the frontier shift rather than from efficiency change. By contrast, the improvement of the lower-income groups results from the catching-up effect. With regard to the effect of the Paris Agreement, only the lower middle-income group exhibits a statistical difference between the two periods, and environmental efficiency increases after the adoption of the Paris Agreement. The fight against global warming cannot succeed by relying only on specific countries. The whole world must cooperate and improve together, and thus, additional help must be devoted to the low-income group. The statistical results support that differences exist in terms of environmental efficiency among the four income groups. In particular, the low-income group is deteriorating.


2021 ◽  
Vol 13 (10) ◽  
pp. 5549
Author(s):  
Lei Kang ◽  
Zhaoping Yang ◽  
Fang Han

Rapid urbanization promotes the expansion of urban tourism and recreation functions, but it also brings many problems, which affect residents’ happiness. Previous studies have emphasized the direct impact of urban recreation environment on happiness, and few have explored the indirect impact of urban recreation environment on happiness through subjective evaluation. Based on the survey data of nearly 10,000 permanent residents in 40 key tourism cities in China, this paper establishes a theoretical framework of the direct and indirect impact of urban recreation environment on happiness. The objective evaluation of natural recreation environment and sociocultural recreation environment has an important influence on happiness, but the influence of natural recreation environment is greater than that of sociocultural recreation environment. Individual subjective satisfaction with urban recreation environment mediates the relationship between urban objective environment and happiness. Urban parks have a positive effect on happiness, while tourist attractions have a negative effect. The influence of urban location on happiness is nonlinear. The high-income group is more sensitive to the recreation environment, while the low-income group is less sensitive to the recreation environment. These findings provide insights for further improving citizens’ quality of life and designing urban construction in developing countries under the conditions of rapid urbanization.


2021 ◽  
Vol 13 (5) ◽  
pp. 2579 ◽  
Author(s):  
Xiao-Ning Li ◽  
Ying Feng ◽  
Pei-Ying Wu ◽  
Yung-Ho Chiu

This research adopts the meta Dynamic Directional Distance Functions (DDF) model in order to calculate the environmental efficiency and environmental governance efficiency of China’s industrial sector from 2010 to 2017 from the overall, sub-regional, and sub-provincial perspectives and discusses the technical gaps in regional environmental pollution control and the reasons for ineffective environmental governance. The research results show that the overall level of environmental governance efficiency in China’s industrial sector is relatively high over this time period, and the group frontier calculation results have improved compared to the meta frontier. The actual technical level of the high-income group is closest to the potential technical level, and the upper-middle income group is still far from the potential technical level. The main reason for the ineffective environmental governance of the provinces in the high-income group is ineffective management, while the main reason for ineffective environmental governance of the provinces in the upper-middle-income groups is technical inefficiency. Regardless of high-income groups or upper-middle-income groups, each province’s inefficiency of environmental governance is caused by inefficiency of the input factors.


Author(s):  
Seungmin Jeong ◽  
Sung-il Cho ◽  
So Yeon Kong

We investigated whether income level has long-term effects on mortality rate in stroke patients and whether this varies with time after the first stroke event, using the National Health Insurance Service National Sample Cohort data from 2002 to 2015 in South Korea. The study population was new-onset stroke patients ≥18 years of age. Patients were categorized into Category (1) insured employees and Category (2) insured self-employed/Medical Aid beneficiaries. Each category was divided into three and four income level groups, retrospectively. The study population comprised of 11,668 patients. Among the Category 1 patients (n = 7720), the low-income group’s post-stroke mortality was 1.15-fold higher than the high-income group. Among the Category 2 patients (n = 3948), the lower income groups had higher post-stroke mortality than the high-income group (middle-income, aOR (adjusted odds ratio) 1.29; low-income, aOR 1.70; Medical Aid beneficiaries, aOR 2.19). In this category, the lower income groups’ post-stroke mortality risks compared to the high-income group were highest at 13–36 months after the first stroke event(middle-income, aOR 1.52; low-income, aOR 2.31; Medical Aid beneficiaries, aOR 2.53). Medical Aid beneficiaries had a significantly higher post-stroke mortality risk than the high-income group at all time points.


2021 ◽  
Author(s):  
Itbar khan ◽  
lei han ◽  
Hayat khan

Abstract The use of renewable energy improves environmental quality by reducing carbon emission and influence economics growth where carbon emission also effect economic growth of a country. The economic theory of tourism also indicates that tourism development enhance economic growth though spillovers as well contribute to climate change. The inflow of FDI and financial development enhance economic growth however its also effect environmental quality. Based on the ongoing debate, the present research trying attempts to explore the effect of CO2 emission and renewable energy consumption, FDI and financial development on economic growth in different income grouped countries to know whether these impacts are the same for the low income, middle income and high income countries on economic growth? Using panel data for high income, low income & middle income countries for the period of 1980–2018, the current study found that all variables effect economic growth significantly where FDI and carbon emission are positive while renewable energy consumption and financial development are negative for economic growth in the whole sample while its differ in the income groups. These studies have shown that these variables are not the same as the economic growth of economic growth and different income groups are not the same, but it changes. In addition, the foundation of this study has a great deal of recommendations for income Group economic decision make-up.


PLoS ONE ◽  
2021 ◽  
Vol 16 (6) ◽  
pp. e0251430
Author(s):  
Lazar Ilic ◽  
M. Sawada

Income polarization is a pressing issue which is increasingly discussed by academics and policymakers. The present research examines income polarization in Canada’s eight largest Census Metropolitan Areas (CMAs) using data at the census-tract (CT) level between 1971 and 2016. Generally, there are significant decreasing trends in the middle-income population with simultaneously increasing trends in low-income groups. The high-income groups have been relatively stable with fewer significant increasing population trends. Using conventional mapping and cartograms, patterns of the spatial evolution of income inequality are illustrated. Every CMA examined contains an increasing trend of spatial fragmentation at the patch level within each CMA’s landscape mosaic. The results of a spatial autocorrelation analysis at the sub-patch, CT level, exhibit significant spatial clustering of high-income CTs as one process that dominates the increasingly fragmented landscape mosaic.


2021 ◽  
Vol 8 (3) ◽  
pp. 122-126
Author(s):  
N Karunakaran ◽  
P. K. Retheesh ◽  
R. Santhosh

Food is fundamental to human survival and it appears to be the first item of the family budget allocation of all irrespective of class to which they belong. Kerala ranks top among the major States of India in the MPCE on food in the post liberalized era. A perusal of NSS data exhibits that, MPCE of urban Kerala is ahead of the rural for the last few decades, however, a sharp decline is noted in the last decade (2001-2011). Along with an increase in MPCE on food, an increase in food diversity is being expected. The study probe into the extent of food diversity among different income strata of urban Kerala with the unit-level data from NSS 68 consumer expenditure survey. The findings indicate that the share of expenditure on cereal in total food expenditure is high in the low-income class and low in the high-income group. The state of Kerala has high food diversity across all income classes signals a better diet quality of people. It is revealed that food diversity is low in the high and low-income groups compared to middle-income group.


2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Manan Aslam, Muhammad Aslam, Muhammad Ahsin Ayub

The study investigated the impact of major factors influencing the women education in district Faisalabad. The multi-stage sampling technique was used to collect the data. The Faisalabad district was selected for this purpose. The tehsils of Faisalabad district were Faisalabad, ChakJhumra, Jaranwala, Summandri and Tandianwala. The data was collected in three phases. In first phase tehsil Faisalabad was selected and in second phase the tehsil Faisalabad was categorized into three segments based on the income distribution, the first segment represented the low-income class of the society and the second category represents the middle-class areas and the later represents the higher income group families. While in the third phase, the two areas from each class were selected for data collection using random sampling technique. The 40 respondents were selected from each class i.e. lower income, middle income and higher income. The total sample size was consisted of 120 respondents. The comprehensive questionnaire carried the information including social and economic conditions of the household was designed data collection. The data was analyzed using statistical packages for social sciences SPSS. The study inferred that the women education was influenced by the rising poverty, family income and social barriers. Finally, the study recommended that government should take steps in reducing poverty by establishing departments that raises the employment rate for women so that peoples don’t neglect the major portion of social capital the females.   


2021 ◽  
Author(s):  
Jusheng Shieh ◽  
Xinpeng Xu ◽  
Hua You ◽  
Qifeng Wu

Abstract Background: Catastrophic Medical Insurance (CMI) has been piloted in China Since 2012 and gradually implemented in various regions. Most studies focus on its impact on medical economic risks, and few studies discussed the impact of CMI on health of the elderly.Methods: This study used Chinese Longitudinal Healthy Longevity Survey (CLHLS) data to explore the impact of CMI on health of the elderly. Difference-in-differences (DID) and Propensity score matching-DID were employed to study the health impact of CMI. Heckman selection model was used to study the potential mechanisms.Results: We found that the implementation of CMI improved the mental health of the elderly, and the effect was limited. Moreover, the positive effect of CMI on the health of the elderly was mainly in the high-income group, and CMI had no significant effect on any health indicators of the low-income group population. The potential channel of CMI health improvement was its ability to increase hospitalization rate in the elderly. Conclusions: Therefore, the health promotion and equity of CMI deserve more attention, and the compensation level of CMI needs to be improved under the premise of sustainable and effective supervision of the fund.


2005 ◽  
Vol 15 (1) ◽  
pp. 23-35 ◽  
Author(s):  
Mary O. Borg ◽  
Harriet A. Stranahan

Abstract:Is it unethical to advertise lotteries? Many citizens think that states should not be actively promoting and encouraging the public to spend hard-earned dollars on a bet that they are virtually guaranteed to lose. Perhaps more importantly, business ethicists are concerned that lottery advertising may be targeting the most vulnerable markets: households with the lowest income and education levels. If this were true, then it would increase the already disproportionately large burden of lottery taxes on the poor. Fortunately, our research finds no evidence to support the contention that advertising is responsible for high rates of lottery participation and expenditures by lower income groups or that low-income groups are more affected by advertising than high-income groups. On the contrary, awareness of lottery advertising seems to be associated with a higher probability to play Lotto only for the middle income group. This means that lottery advertising may actually reduce the regressivity of lottery taxes.


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