Analysis of Human Development, Economic Growth and Income Inequality in SAARC Country

doi:10.47205/jdss.2022(3-ii)10

Cited by 2 publications

(4 citation statements)

References 57 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The impact of income inequality (G), measured by Gini coefficient is negative on human development index (HD) in the sample of nine countries is negative and highly statistically significant in three specifications. In the literature, the same is reported by Tripathi (2021), Castells-Quintana, Royuela & Thiel (2019), Faisal (2022) and Saragih (2018). It means that when value of the Gini coefficient approaches to 1, the distribution of income in the society becomes pro-rich.…”

Section: Discussionsupporting

confidence: 57%

“…In other words, income inequality can be reduced if efforts are made to improve ranking on the human development. This is as per the study of Faisal (2022),…”

Section: Discussionmentioning

confidence: 54%

“…In the panel data analysis of ninety countries, Alvan (2009) reported that HD and income inequality are negatively related and the causality runs from both the direction. Faisal (2022) reported that HD positively affect G in the sample of eight countries of SAARC group.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Panel Data Analysis of Human Development, Income Inequality and Economic Growth in the SAARC Countries During 1990-2020

2023

Central European Management Journal

View full text Add to dashboard Cite

The present study is undertaken to analyze human development, income inequality and economic growth in the SAARC countries, along with china, during 1990 to 2020 using dynamic panel data models. The Hausman test was used to choose between Fixed Effect (FE) or Random Effect (RE) models. The major findings include that income inequality (G) negatively affect human development (HD), whereas, economic growth (EG), Gender Development Index (GDI) and mean year of schooling (MYS) positively affect human development (HD). On the other hand, control of corruption (CC), G and HD accelerate EG, and population growth per annum (P) slow down the rate of EG in the panel of countries. Moreover, EG significantly increases the G, and agriculture area as percentage of total land area (AGL) and HD negatively and significantly affect income inequality (G) in the sample of countries. Summing up, human development positively and significantly accelerates economic growth, and economic growth enhance the level of human development ranking of the sample countries. Moreover, human development measure also significantly reduces income inequality.

show abstract

Section: Discussionsupporting

confidence: 57%

“…In other words, income inequality can be reduced if efforts are made to improve ranking on the human development. This is as per the study of Faisal (2022),…”

Section: Discussionmentioning

confidence: 54%

See 1 more Smart Citation

Panel Data Analysis of Human Development, Income Inequality and Economic Growth in the SAARC Countries During 1990-2020

2023

Central European Management Journal

View full text Add to dashboard Cite

show abstract

“…Paliova, McNown, and Nülle (2019) investigated the role of human development in recognizing well-being. Faisal (2022) investigated the interconnectedness of income inequality, economic growth, and human development. Elistia and Syahzuni (2018) found a causal relation between HDI and economic growth, value of HDI positively influences GDP and economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Unveiling Inequality: Mapping Asset Disparities in Azad Jammu and Kashmir (Pakistan)

Naveed,

Ullah,

Mughal

et al. 2024

iRASD J. Eco.

View full text Add to dashboard Cite

The main objectives of this study are to construct a valid and reliable asset index at the household level for 10 districts of Azad Jammu and Kashmir (AJK) by using Multiple Indicators Cluster Survey micro-data and to estimate economic disparities by calculating Gini-coefficient and Palma Ratio. The asset index is considered a better estimate than expenditures or current household income to gauge a household’s living standard and its potential resilience to deal with economic shocks. The dimensional structure of assets is assessed by applying Exploratory Factor Analysis (EFA) and Tetrachoric Principal Component Analysis (PCA). Further, this paper has applied Classical Test Theory (CTT) and Item Response Theory (IRT) to ensure the reliability of the household-based asset index. Furthermore, the Gini-coefficient and Palma ratios are estimated by using the composite household-based asset index to estimate economic disparities in all 10 districts of AJK. The dimensional structure of assets, reliability, and validity analysis suggest to use 21 assets (out of 30 items) to construct the household-based asset index. The nine items (assets) are excluded from the analysis to avoid systematic errors and random errors. The results show that districts Bhimber and Mirpur have achieved the highest average asset scores, which are 0.62 and 0.64 respectively. The score of the Gini-coefficient index and the Palma ratio analyses shows that the asset distribution in the districts Neelum and Haveli are highly unequal. The Gini-coefficient is highly responsive to midpoint distribution while the Palma ratio concentrates more on top and bottom distribution, and it ignores the middle 50 percent from the analysis. Interestingly, both approaches have produced similar district rank ordering because we have adopted a systematic process for construct validity and reliability to minimize measurement errors.

show abstract

Analysis of Human Development, Economic Growth and Income Inequality in SAARC Country

Cited by 2 publications

References 57 publications

Panel Data Analysis of Human Development, Income Inequality and Economic Growth in the SAARC Countries During 1990-2020

Panel Data Analysis of Human Development, Income Inequality and Economic Growth in the SAARC Countries During 1990-2020

Unveiling Inequality: Mapping Asset Disparities in Azad Jammu and Kashmir (Pakistan)

Contact Info

Product

Resources

About