Regional Economic Integration and Income Inequality in Selected ASEAN Countries

Increasing income inequality in recent years has triggered an outpouring analysis and reflection on the causes of these changes. ASEAN has broadened cooperation on macroeconomic and financial aspects and demonstrated robust economic growth, reducing poverty but also accompanied by rising inequality....

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Main Author:	Tan, Ger Ean
Format:	Thesis
Language:	English
Published:	2020
Subjects:	HB Economic Theory
Online Access:	http://ir.unimas.my/id/eprint/31513/9/Tan%20Ger%20Ean%20ft.pdf
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id	my-unimas-ir.31513
record_format	uketd_dc
spelling	my-unimas-ir.315132024-07-10T08:15:09Z Regional Economic Integration and Income Inequality in Selected ASEAN Countries 2020-02-12 Tan, Ger Ean HB Economic Theory Increasing income inequality in recent years has triggered an outpouring analysis and reflection on the causes of these changes. ASEAN has broadened cooperation on macroeconomic and financial aspects and demonstrated robust economic growth, reducing poverty but also accompanied by rising inequality. The income gap persists between ASEAN-5 (Indonesia, Malaysia, the Philippines, Singapore, Thailand) and the ASEAN-3 (Cambodia, Laos, Vietnam) has become a prominent issue and policy debate. Hence, this study aims to investigate the regional economic integration and income inequality by adopting a balanced panel analysis for selected ASEAN countries from 2005 to 2018. To examine the relationship between economic integration and income inequality, economic integration was further decomposed into trade integration and financial integration. Empirical findings showed that trade integration is more effective than financial integration in improving income distribution. Export activities from the manufacturing and service sectors help ASEAN-5, while the agricultural and manufacturing sectors help ASEAN-3 in narrowing income distribution. Therefore, integration policies to improve inequality should not be universally implied on countries with diverse economics structures and varied development activities. Keywords: Regional economic integration, income inequality, ASEAN-5, ASEAN-3. Universiti Malaysia Sarawak (UNIMAS) 2020-02 Thesis http://ir.unimas.my/id/eprint/31513/ http://ir.unimas.my/id/eprint/31513/9/Tan%20Ger%20Ean%20ft.pdf text en public masters Universiti Malaysia Sarawak (UNIMAS) Faculty of Economics and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Tan, Ger Ean Regional Economic Integration and Income Inequality in Selected ASEAN Countries
description	Increasing income inequality in recent years has triggered an outpouring analysis and reflection on the causes of these changes. ASEAN has broadened cooperation on macroeconomic and financial aspects and demonstrated robust economic growth, reducing poverty but also accompanied by rising inequality. The income gap persists between ASEAN-5 (Indonesia, Malaysia, the Philippines, Singapore, Thailand) and the ASEAN-3 (Cambodia, Laos, Vietnam) has become a prominent issue and policy debate. Hence, this study aims to investigate the regional economic integration and income inequality by adopting a balanced panel analysis for selected ASEAN countries from 2005 to 2018. To examine the relationship between economic integration and income inequality, economic integration was further decomposed into trade integration and financial integration. Empirical findings showed that trade integration is more effective than financial integration in improving income distribution. Export activities from the manufacturing and service sectors help ASEAN-5, while the agricultural and manufacturing sectors help ASEAN-3 in narrowing income distribution. Therefore, integration policies to improve inequality should not be universally implied on countries with diverse economics structures and varied development activities. Keywords: Regional economic integration, income inequality, ASEAN-5, ASEAN-3.
format	Thesis
qualification_level	Master's degree
author	Tan, Ger Ean
author_facet	Tan, Ger Ean
author_sort	Tan, Ger Ean
title	Regional Economic Integration and Income Inequality in Selected ASEAN Countries
title_short	Regional Economic Integration and Income Inequality in Selected ASEAN Countries
title_full	Regional Economic Integration and Income Inequality in Selected ASEAN Countries
title_fullStr	Regional Economic Integration and Income Inequality in Selected ASEAN Countries
title_full_unstemmed	Regional Economic Integration and Income Inequality in Selected ASEAN Countries
title_sort	regional economic integration and income inequality in selected asean countries
granting_institution	Universiti Malaysia Sarawak (UNIMAS)
granting_department	Faculty of Economics and Business
publishDate	2020
url	http://ir.unimas.my/id/eprint/31513/9/Tan%20Ger%20Ean%20ft.pdf
_version_	1804888401990647808

Regional Economic Integration and Income Inequality in Selected ASEAN Countries

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