The Impacts of Economic Transition on Income Inequality of China
DOI:
https://doi.org/10.61173/hvahqb12Keywords:
Economic Transition, Income Inequality, ChinaAbstract
This paper focuses on the impact of China’s sectorial reform on income inequality within the country and between USA. We found that when we look at the full period (1991-2020), as the employment in the primary sector decreases, income inequality within the country is undeterminable. However, when we examine time periods 1991-2007 and 2008-2020, we found that income inequality had intensified in the first period and had decreased in the second period. The income gap between China and USA had been a constant decrease no matter looking at GNI or GNI per capita. Through this research, we hypothesize that agrarian policies may play a crucial role for further decrease in income inequality in China.
References
[1] Benjamin, D., Brandt, L., Giles, J., & Wang, S. (2005). Income Inequality During China’s Economic Transition. https:// www.economics.utoronto.ca/public/workingPapers/BBGW.pdf
[2] Parris, K. D. (2002). China’s Retreat from Equality: Income Distribution and Economic Transition (review). China Review International. https://doi.org/10.1353/cri.2003.0112
[3] Chiang, T. . (1999). Economic transition and changing relation between income inequality and mortality in Taiwan: regression analysis. BMJ, 319(7218), 1162–1165. https://doi. org/10.1136/bmj.319.7218.1162
[4] World Bank. (2024). World Bank Open Data. World Bank. https://data.worldbank.org/
[5] Ravallion, M., & Chen, S. (2021, August 1). Is that Really a Kuznets Curve? Turning Points for Income Inequality in China. National Bureau of Economic Research. https://www.nber.org/ papers/w29199
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