Journal of Regional Studies and Development 2023 KCI Impact Factor : 0.4
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pISSN : 1738-3846 / eISSN : 2765-4028
- https://journal.kci.go.kr/jrsd_ipaid
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Analysis of the Impact of Urbanization on Income Inequality in OECD Countries
- Journal of Regional Studies and Development
- Abbr : JRSD
- 2023, 32(2), pp.157-181
- DOI : 10.22739/ipaid.2023.32.2.157
- Publisher : Institute for Poverty Alleviation and International Development: IPAID
- Research Area : Social Science > Area Studies > Regional Studies in general > Comparative / Statistical Regional Studies
- Received : July 24, 2023
- Accepted : August 17, 2023
- Published : August 30, 2023
So-Youn Kim 1, Suyeol Ryu 1
1국립안동대학교
Accredited
ABSTRACT
This study examines the impact of urbanization on income inequality using unbalanced panel data from 29 OECD countries from 2003 to 2020. In particular, the linear and non-linear relationships are analyzed through the Driscoll-Kraay estimation method, which are spatial panel analysis methods that consider the cross-sectional dependence, heteroscedasticity, and autocorrelation of the panel model.
As a result of the estimation, urbanization in OECD countries has an inverted U-shaped effect on income inequality. Income inequality increases as urbanization increases to 74.01%, and income inequality decreases as urbanization increases beyond that point.
Countries with a low level of urbanization should come up with active policies to improve income distribution, and countries with a high level of urbanization should ensure that a virtuous cycle structure of sustainable urbanization and income inequality reduction is maintained.
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