The Impact of Income Inequality on Economic Growth: Evidence from Vietnam

Thi Hong Linh Phi (), Thi Thanh Huyen Bui, Dinh Hung Nguyen, Nguyen Van and Thi Hong Van Nguyen
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Thi Hong Linh Phi: National Economics University
Thi Thanh Huyen Bui: National Economics University
Dinh Hung Nguyen: Vietnam National University Ho Chi Minh City
Nguyen Van: National Economics University
Thi Hong Van Nguyen: VNU University of Economic and Law, Vietnam National University

A chapter in Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 2, 2023, pp 171-182 from Springer

Abstract: Abstract The aim of this study is to examine the impact of unequal income distribution on economic growth in Vietnam. Data are collected from the Statistical Yearbook, Vietnam Household Living Standards Survey published by the General Statistics Office and the Local Statistical Departments. The paper has employed the econometric model to measure the impact of income inequality on Vietnam's economic growth since 2010. Of which, the dependent variable is economic growth rate, while the independent variables include population growth rate, income gap index (Kuznets ratio), investment rate, educational attainment and unemployment rate. The paper reveals that the rising inequality of income distribution reports a negative impact on economic growth in the case of Vietnam. Further, the paper offers several policy implications drawing on evidence-based results for the double target of economic growth and income equality of Vietnam.

Keywords: Developing countries; Economic growth; Emerging economy; Income inequality; Vietnam (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-0490-7_11

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DOI: 10.1007/978-981-99-0490-7_11

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