Economics Studies and Banking Journal
Vol. 1 No. 3 (2024): Economics Studies and Banking Journal

Income Inequality and Economic Growth

Sutanto, Himawan (Unknown)
Harsono, Iwan (Unknown)
Furkan, Lalu M. (Unknown)
Mulawiani, Baiq Saripta Wiji (Unknown)
Fuady, Helmy (Unknown)
Yuniarti, Titi (Unknown)



Article Info

Publish Date
28 Mar 2024

Abstract

This research investigates the relationship between income inequality, income distribution, poverty rates, and economic growth. The analysis results indicate that the independent variables, including the Gini Coefficient, Percentage of Income Received by Specific Groups, and Relative Poverty Rate, significantly influence economic growth. High levels of income inequality, uneven income distribution among societal groups, and high poverty rates all contribute to the slowdown of economic growth. Therefore, policies aimed at reducing income inequality, improving equitable income distribution, and decreasing relative poverty rates can help stimulate more inclusive and sustainable economic growth.

Copyrights © 2024






Journal Info

Abbrev

demand

Publisher

Subject

Economics, Econometrics & Finance

Description

DEMAND focuses on economics, innovation, and investment fields. Dedicated to enhancing the economic development of a country, region, and the world in general. It aims to publish original articles, whether in the form of theoretical studies, empirical studies, or practical studies. DEMAND invites ...