Open AccessSEGITIGA KEMISKINAN-PERTUMBUHAN-KETIMPANGAN (PGI TRIANGLE): PEMBANGUNAN KEUANGAN, PEMBANGUNAN MANUSIA, DAN KETIMPANGAN PENDAPATAN DI ASIA
Author(s) -
Rivanda Fadhila Indra Putra,
Vera Lisna
Publication year - 2020
Publication title -
jurnal ekonomi dan pembangunan
Language(s) - English
Resource type - Journals
eISSN - 2503-0272
pISSN - 0854-526X
DOI - 10.14203/jep.28.2.2020.77-89
Subject(s) - economics , poverty , economic inequality , inequality , human development (humanity) , income distribution , income inequality metrics , distribution (mathematics) , gross domestic product , development economics , demographic economics , economic growth , mathematics , mathematical analysis
One of the issues faced by countries in asia is income inequality. Economic development is expected to improvepeoples living standards to minimize the gap between low-income and high-income populations. One of economicdevelopment is through financial development. The financial sector plays an important role in the economy of acountry, the development of the financial sector will indirectly increase the output of other sectors so as to tie thevalue of the gross domestic product (gdp). In addition to equality and economic growth, economic developmentalso needs to see whether the two are related to human development as described in the poverty-growth-inequality triangle (pgi triangle). The purpose of this study is to see a picture of the inequality of income distribution, financial development and human development in six asian countries. The analysis used descriptive statistics and panel data regression, specifically fixed effect model (fem) and the random effect model (rem). The result showed that there is a significant influence between financial development and human development on income inequality, the higher the financial development will reduce the level of inequality of a country. Meanwhile, the high value of human development actually increases inequality.