Addressing Income Inequality in Vietnam’s Northern Midlands and Mountains: A Focus on Fiscal Policy Factors

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A97347" target="_blank" >RIV/60460709:41110/23:97347 - isvavai.cz</a>
Result on the web
<a href="http://lef.tul.cz/#proceedings" target="_blank" >http://lef.tul.cz/#proceedings</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15240/tul/009/lef-2023-29" target="_blank" >10.15240/tul/009/lef-2023-29</a>

Result language
angličtina
Original language name
Addressing Income Inequality in Vietnam’s Northern Midlands and Mountains: A Focus on Fiscal Policy Factors
Original language description
The Northern Midlands and Mountains constitute one of Vietnam’s six economic regions, yet it faces the lowest average income among the top 3 regions, with an average of only 1.613.000VND/month in 2014. Moreover, this region experiences the highest level of income inequality, as indicated by a Gini index of 0.42 in 2020. The study highlights that increased income inequality can lead to a decline in the region’s economic growth, significantly impacting the province’s GDP. The research emphasizes income redistribution as one of the essential functions of fiscal policy, alongside its roles in supporting macroeconomic stability and promoting overall growth. This research analyses and identifies the interplay between fiscal policy factors and income disparity to tackle the Northern Midlands and Mountains income inequality. The study utilizes panel data compromising 7,980 observations. Notably, the findings underscore the potential of increased investment and enhanced household education as critical factors for improving income inequality and fostering economic growth in the region. By considering these factors, Vietnamese economic strategists can devise effective measures to mitigate inequality and foster sustainable regional development.
Czech name
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Czech description
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Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 16th International Conference Liberec Economic Forum 2023
ISBN
978-80-7494-672-1
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
264-273
Publisher name
Technical University of Liberec
Place of publication
Liberec
Event location
Liberec
Event date
Jan 1, 2023
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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