Sectoral Growth and Income Inequality in ASEAN-5 Countries: Case of Low-Middle Income Economies

Publication: Scientific journalJournal articlepeer-review

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 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.
Original languageEnglish
Pages (from-to)1 - 13
Number of pages14
JournalJournal of ASEAN Studies
Volume8
Issue number1
DOIs
Publication statusPublished - 2020
Externally publishedYes

Austrian Classification of Fields of Science and Technology (ÖFOS)

  • 502027 Political economy

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