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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 16th International Conference Liberec Economic Forum 2023

ISBN

978-80-7494-672-1

ISSN

—

e-ISSN

—

Počet stran výsledku

10

Strana od-do

264-273

Název nakladatele

Technical University of Liberec

Místo vydání

Liberec

Místo konání akce

Liberec

Datum konání akce

1. 1. 2023

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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