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https://doi.org/10.21512/jas.v8i1.6435
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Sectoral growth and income inequality in ASEAN-5 countries: case of low-middle income economies
[journal article]
Abstract This paper aims to explore the relationship between growth in economic sectors, especially manufacturing, service, and agriculture, towards income inequality. Furthermore, it utilizes panel data for low-middle income ASEAN countries. The result shows that the share of agricultural sector in GDP has ... view more
This paper aims to explore the relationship between growth in economic sectors, especially manufacturing, service, and agriculture, towards income inequality. Furthermore, it utilizes panel data for low-middle income ASEAN countries. The result shows that the share of agricultural sector in GDP has a significant and negative relationship with income inequality. In fact, the effect is robust for the incorporation of control variables. Therefore, it underlines the importance of agricultural sector development for reducing inequality and also for fostering ASEAN economic integration.... view less
Classification
National Economy
Sociology of Developing Countries, Developmental Sociology
International Relations, International Politics, Foreign Affairs, Development Policy
Free Keywords
ASEAN; developing countries; economic development
Document language
English
Publication Year
2020
Page/Pages
p. 1-13
Journal
Journal of ASEAN Studies, 8 (2020) 1
ISSN
2338-1353
Status
Published Version; peer reviewed