Impact of Covid-19 on Income Inequality; a Comparative Analysis for China and Italy
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 03
Abstract
This study examines the impact of covid 19 on income inequality and comparison between China and Italy. Trends in Gini coefficient showed differentiated results for two countries. In this comparison various indicators came to consideration that affected inequality. For empirical investigation from the past data collected from World Development Indicators and Generalized methods of moments (GMM) for panel data analysis. Results indicated that poverty and unemployment have significant positive impact on income inequality while rate of taxes shown negative and significant impact on income inequality. These results supported many other studies but the post covid trend in Gini coefficient shows contradictory results. Rising trend in income inequality in China and falling trend in Italy drives the attention in mitigation policies. China preferred to save its population from corona virus and implemented strict stay at home and isolation policy. In this regard inequality showed rising trend. Whereas Italian government along with isolation and stay at home policies financed poor much and paid less attention to rich. In this way the gap between rich and poor came down. This study pays attention to the country-based policies reflecting government preferences and initiatives taken for betterment.
Authors and Affiliations
Wajid Nawaz , Naveed Aslam , Umar Hayyat,
Keywords
Related Articles
- EP ID EP733156
- DOI 10.47191/jefms/v7-i3-29
- Views 40
- Downloads 0
The Influence of Strategic Resources Based View and Corporate Social Responsibility on Economic Development Programs in Central Sulawesi Mediated by Community Development
The purpose of this study was to examine the direct effect of strategic resource base view and corporate social responsibility on economic development programs and the direct influence of community development on economi...
Does Earnings Quality Affect Investment Efficiency? Evidence from Listed Firms in the Nairobi Securities Exchange of Kenya
Aim/purpose – This paper aims at examining the impact of earnings quality on investment efficiency. The motivating factor is occasioned by poor financial reporting quality standards, higher costs of investment that chara...
Marketing Strategy and Business Performance in Facing Competition in the Fitness Services Business
The main aim of this research is to analyze how marketing strategies influence customer satisfaction, loyalty and business growth as well as business performance in facing competition in the fitness services business at...
Analysis of the Potential Impact of Covid 19 Pandemic on Vietnamese Export
: The Vietnam's export volume of goods and services has changed strongly, and achieved positive growth over the years. However, the emergence of the Covid-19 pandemic has caused a lot of serious consequences to all soci...
The Effect of Training on Employee Experience via Digital HRM System: A Qualitative Approach
Purpose: This study aims to investigate the impact of training on employee experience in the context of digital HR, with a specific focus on the physical, digital, and cultural dimensions of employee experience. Method...