Public family spending, labour productivity, income inequality and poverty gap in the group of seven countries
Purpose. Comparable data on distribution of family income provide reference point for determining economic performance of any country, opportunity to assess effects of income inequality and poverty drivers that are either country- or region-specific. This study analysed the effectiveness of composit...
| Permalink: | http://skupnikatalog.nsk.hr/Record/nsk.NSK01001108038/Details |
|---|---|
| Matična publikacija: |
Review of innovation and competitiveness (Online) 6 (2020), 1 ; str. 49-77 |
| Glavni autori: | Okwu, Andy Titus (Author), Obiakor, Rowland Tochukwu, Obiwuru, Timothy Chidi, Kabuoh, Margret N., Akpa, Emeka Okoro |
| Vrsta građe: | e-članak |
| Jezik: | eng |
| Predmet: | |
| Online pristup: |
https://doi.org/10.32728/ric.2020.61/3 Hrčak |
| LEADER | 03434naa a22003974i 4500 | ||
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| 001 | NSK01001108038 | ||
| 003 | HR-ZaNSK | ||
| 005 | 20210930151423.0 | ||
| 006 | m d | ||
| 007 | cr|||||||||||| | ||
| 008 | 210726s2020 ci d |o |0|| ||eng | ||
| 024 | 7 | |2 doi |a 10.32728/ric.2020.61/3 | |
| 035 | |a (HR-ZaNSK)001108038 | ||
| 040 | |a HR-ZaNSK |b hrv |c HR-ZaNSK |e ppiak | ||
| 041 | 0 | |a eng |b eng | |
| 042 | |a croatica | ||
| 044 | |a ci |c hr | ||
| 080 | 1 | |a 366 |2 2011 | |
| 080 | 1 | |a 336 |2 2011 | |
| 100 | 1 | |a Okwu, Andy Titus |4 aut |9 HR-ZaNSK | |
| 245 | 1 | 0 | |a Public family spending, labour productivity, income inequality and poverty gap in the group of seven countries |h [Elektronička građa] : |b empirical evidence from panel data / |c Andy Titus Okwu, Rowland Tochukwu Obiakor, Timothy Chidi Obiwuru, Margret N. Kabuoh, Emeka Okoro Akpa. |
| 300 | |b Graf. prikazi. | ||
| 504 | |a Bibliografija: str. 72-75. | ||
| 504 | |a Summary. | ||
| 520 | |a Purpose. Comparable data on distribution of family income provide reference point for determining economic performance of any country, opportunity to assess effects of income inequality and poverty drivers that are either country- or region-specific. This study analysed the effectiveness of composite indices of public spending on family benefits, labour productivity, macroeconomic performance indicators and moderating factors in reducing income inequality and poverty gap in the Group of Seven (G7) countries from 1980 to 2019. Methodology. The study employed fixed effects Least Squares regression model in panel environment within the framework of empirical econometric methodologies. The composite indices comprised public spending on family benefits in cash and kind, unemployment allowance payments, tax on personal income, labour productivity, harmonised unemployment rate, consumer price index, real GDP growth rate, GDP per capita and per hour worked, fertility rate and trade. After graphical analysis of the data, order of integration was via unit root tests. Hausman test was carried out to choose between fixed and random effects models. Subsequently, parameters of the models were estimated and evaluated for significance at the 0.05 critical level. Findings. The results showed that percentage changes in income inequality and poverty gap indices differed for same percentage change in components of the composite indices. Some variable-specific percentage changes in income inequality and poverty gap were statistically significant, while others were not. However, the overall percentage changes was statistically significant. The paper concluded that while some specific effectiveness of the explanatory variables in reducing income inequality and poverty gap was not significant, their joint effectiveness significantly reduced poverty. | ||
| 653 | 0 | |a Potrošnja |a Potrošnja kućanstva |a Obiteljska potrošnja |a Obiteljski dohodak |a Proizvodnost rada |a Siromaštvo | |
| 700 | 1 | |a Obiakor, Rowland Tochukwu |4 aut |9 HR-ZaNSK | |
| 700 | 1 | |a Obiwuru, Timothy Chidi |4 aut |9 HR-ZaNSK | |
| 700 | 1 | |a Kabuoh, Margret N. |4 aut |9 HR-ZaNSK | |
| 700 | 1 | |a Akpa, Emeka Okoro |4 aut |9 HR-ZaNSK | |
| 773 | 0 | |t Review of innovation and competitiveness (Online) |x 1849-9015 |g 6 (2020), 1 ; str. 49-77 |w nsk.(HR-ZaNSK)000920583 | |
| 981 | |b Be2020 |b B04/20 | ||
| 998 | |b dalo2109 | ||
| 856 | 4 | 0 | |u https://doi.org/10.32728/ric.2020.61/3 |
| 856 | 4 | 0 | |u https://hrcak.srce.hr/246572 |y Hrčak |
| 856 | 4 | 1 | |y Digitalna.nsk.hr |