Cross-country income disparity and its effect on carbon emissions

This study is motivated by the interesting relationship between the income Kuznets curve and the carbon Kuznets curve.This paper focuses on the interaction effects of income distribution and income per capita on CO_2 emissions using country group panel data over the period of 1980 to 2006 by employing fixed effects(FE),random effects(RE)and feasible generalized least squares(FGLS)estimation methods.The main findings are as follows.(1)There exists an inverted-U relationship between CO_2 emissions per capita and income per capita in all sample countries and high-income groups.(2)The cross-country income disparity has a negative effect on the average level of CO_2 emissions but a positive effect on the aggregate income elasticity of CO_2 emissions.(3)This negative effect of income disparity on the average level of CO_2emissions decreases along with the growth of per capita income.Thus,economic growth contributes to the reduction of this negative impact.

Positive Analysis Of Income Disparity between Towns＇ Residents and Rural Residents in Hebei Province

With the economic development, the income disparity between towns＇ residents and rural residents in China shows an enlarging trend. This phenomenon becomes a hot issue of the whole society. The income disparity between towns＇ residents and rural residents in Hebei province also shows an enlarging trend. The authors study this problem with the positive analysis method from the situation, the developing trend in the future, the reasons of the income disparity between towns＇ residents and rural residents in Hebei, and put forward proposals about how to reduce the income disparity.

Effect of Digital Economy Development on Rural-Urban Income Disparity: Evidence from China

Promoting income equality between urban and rural residents is one of the main goals of China’s social progress and economic development.It is also a necessary means to achieve“common prosperity.”Digital economy can effectively promote economic development,the adjustment of industry structure and industry upgrading,as well as increase the disposable income of urban and rural residents,which is theoretically beneficial to rural-urban income disparity.An empirical analysis is conducted based on the data of 30 provinces,municipalities,and autonomous regions in China from 2013 to 2020.The findings demonstrate that the growth of digital economy helps lessen rural-urban income disparity and has a significant effect in East China and North China.

The threshold effect of the urban-rural income disparity on real economic growth in China

Given China＇s dual urban-rural structure, this paper employs the Theil index for measuring and depicting China＇s urban-rural income disparity and its characteristics. Furthermore, this paper specifies a nonlinear threshold cointegration model to reveals a nonlinear relationship between the urban-rural income gap and real economic growth over a long period since reform and opening up in China. Our results show that the regime switch of the long-term nonlinear threshold relationship takes place at the 0.100 （threshold value） of the Theil index. From 1978 to 1991, the long-term effect of the urban- rural income disparity on China＇s economic growth was positive; between 1992 and 1999, there was a smooth transition to a negative effect; and from 1999 on, the negative effect has been increasing year by year. Income disparity now has the effect of retarding China＇s real economic growth.

Report of China Household Income Disparity

Based on China Household Finance Survey （CHFS） data, China＇s Gini Coefficient stood at 0.61 in 2010, above the global average of 0.44, according to the World Bank. The high Gini Coefficient represents a large income disparity of the country. It is understandable that a high Gini is common in fast-growing economies and can be reduced through government＇s transfer payments given the experience of OECD countries. This paper illustrates the breakdown of China＇s Gini, regional, rural and urban differences in household income. Specifically, it is found that poor health, insufficient social welfare and low education level are the main reasons for poverty of rural households. This paper also provides solutions to reduce the Gini coefficient. In the short term, China government can invest more on social insurance and implement large-scale transfer payments. The figure shows that China government has sufficient financial sources to strengthen secondary distribution to subsidize the low-income group. In the long term, government can increase overall educational level and reduce the opportunity inequality to narrow the income gap.

Inclusive Finance,Income Gaps and Common Prosperity

According to the Report to the 20^(th) CPC National Congress,delivering common prosperity for all the people is an intrinsic requirement of Chinese modernization.Based on China Household Finance Survey(CHFS)data from 2015 to 2019,this study examines the effects of inclusive finance on China’s household income disparities and demonstrates how inclusive finance contributes to shared prosperity.Our empirical research reveals that inclusive finance has significantly decreased the income disparities between Chinese households.Inclusive finance has significantly increased the income levels of households below the 40^(th) percentile,making it more likely for them to move above the 40^(th) percentile of incomes,which is conducive to delivering common prosperity.Our analysis indicates that inclusive finance will reduce income disparities by assisting low-income households in starting a business and by promoting rural household employment.Reflecting its inclusive nature,further investigation reveals that inclusive finance has a greater positive impact on the income level of vulnerable households.Our research offers new evidence for comprehending the role of inclusive finance and a new interpretation of income disparities,with policy implications for accelerating Chinese modernization.

Review of research on property income in China

In recent years,the property income of Chinese residents has increased rapidly.However,a huge gap in property income has emerged and its effect on the total income inequality has become evident.Thus,the study on property income is of great significance.This article reviews and evaluates the existing literature on property income in the aspects of its estimation,characteristics,functions,causes and dynamic evolution.We also try to point out possible directions for future research.

An analysis of Chinese urban residents＇ consumer demand employing a dynamic semi-parametric panel data model

Using data for China for the years 1991 to 2005 by province and employing the semi- parametric panel data model estimation method developed by Horowitz （2004） and Henderson et al. （2006） and Hubler＇s non-parametric generalized method of moments （GMM） estimation （2005）, this article constructs a dynamic semi-parametric panel data model and describes the dynamic changing trajectory of the effect on consumption of income disparity among urban residents. Our findings show that there is a significant ＂ratchet effect＂ in the consumption of urban residents; that income disparity among urban residents has a clear negative influence on consumption; and that the trajectory of this influence shows a roughly bimodal curve.