Sectoral Growth and Income Inequality in ASEAN-5 Countries: Case of Low-Middle Income Economies

Authors

  • Dewa Gede Sidan Raeskyesa School of Business and Economics, Universitas Prasetiya Mulya

DOI:

https://doi.org/10.21512/jas.v8i1.6435

Keywords:

ASEAN, Developing Countries, Economic Development

Abstract

This paper aims to explore the relationship between growth in economic sectors, especially manufacturing, service, and agriculture, towards income inequality. Furthermore, it utilizes panel data for low-middle income ASEAN countries. The result shows that the share of agricultural sector in GDP has a significant and negative relationship with income inequality. In fact, the effect is robust for the incorporation of control variables. Therefore, it underlines the importance of agricultural sector development for reducing inequality and also for fostering ASEAN economic integration.

Author Biography

Dewa Gede Sidan Raeskyesa, School of Business and Economics, Universitas Prasetiya Mulya

Faculty Member in Business Economics study program, at school of business and economics in Universitas Prasetiya Mulya

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Published

2020-08-02