A multidimensional free market and income inequality in developing Asia
How does the quality of governance matter
Bibliographic Data
| ID | 4388534 |
|---|---|
| Authors | Cong Minh Huynh (0000-0001-8169-5665, Becamex Business School Eastern International University Thu Dau Mot City Vietnam, corresponding author), Quoc Nha Le (Becamex Business School Eastern International University Thu Dau Mot City Vietnam), Gia Linh Huynh (Becamex Business School Eastern International University Thu Dau Mot City Vietnam) |
| Year | 2023 |
| Volume | 73 |
| Issue | 250 |
| Pages | 1079-1097 |
| Publication date | 2023-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Social Science Journal (JOURNAL) |
| Journal identifiers | ISSN: 0020-8701 • E-ISSN: 1468-2451 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/issj.12435 |
| OpenAlex | W4372361077 |
| Language | EN |
| Citations received | 3 |
| References cited | 55 |
This paper empirically examines how a free market, a governance quality (GQ) and their interaction simultaneously affect income inequality in 23 Asian developing countries over the period 2000-2019. Especially, different dimensions of a free market proxied by various components of economic freedom (EF) are analysed. Results show that the overall EF and three of its components, including labour freedom, trade freedom and investment freedom, reduce income inequality; but other components, including business freedom (BF), monetary freedom (MF) and financial freedom (FF), widen income inequality. Meanwhile, the GQ not only decreases income inequality but also intensifies the beneficial impacts of the overall EF and those respective components of EF on income equality. Notably, at certain thresholds of GQ, the detrimental impacts of BF, MF and FF on income equality turn into the advantageous ones. The findings consolidate the appropriate combination of free market with specific dimensions and the GQ in boosting the equality of income distribution in Asian developing countries
Corporate governance · Development economics · Distribution (mathematics) · Economic freedom · Economic inequality · Economics · Free market · Income distribution · Income inequality metrics · Inequality · Investment (military) · Market economy · Political science · Corruption and Economic Development · Economic theories and models · Finance · Fiscal Policy and Economic Growth · Law
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| Unique citing works | 3 |
|---|---|
| Citations per year | 1,5 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |