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

In: Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 2

Author

Listed:
  • Thi Hong Linh Phi

    (National Economics University)

  • Thi Thanh Huyen Bui

    (National Economics University)

  • Dinh Hung Nguyen

    (Vietnam National University Ho Chi Minh City)

  • Van Nguyen

    (National Economics University)

  • Thi Hong Van Nguyen

    (VNU University of Economic and Law, Vietnam National University)

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.

Suggested Citation

  • Thi Hong Linh Phi & Thi Thanh Huyen Bui & Dinh Hung Nguyen & Van Nguyen & Thi Hong Van Nguyen, 2023. "The Impact of Income Inequality on Economic Growth: Evidence from Vietnam," Springer Books, in: An Thinh Nguyen & Thu Thuy Pham & Joon Song & Yen-Ling Lin & Manh Cuong Dong (ed.), Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 2, pages 171-182, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-0490-7_11
    DOI: 10.1007/978-981-99-0490-7_11
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