Theoretical and Applied Economics
No. 3 / 2024 (640), Autumn
Impact of population cycle on income sharing pattern of a capitalistic society
Balarampur College, India
Joy SARKAR
University of North Bengal, India
Abstract. In this paper, we have tried to explore how the fundamental structure of a capitalistic society affects income sharing within the society and widens the vertical disparity in income distribution. We argue that a capitalist in a free market uses various elements of an economy to continuously improve their profitability. Initial rising population is used as a tool to enhance profit and once the population starts declining, international trade is used as a substitute for population growth to further enhance their profit. Our empirical analysis was divided into two parts;(i) the correlation between income inequality (Gini coefficient) and population (total population & population growth rate) was investigated for closed economies namely Brazil, Moldova, Morocco, & Ukraine (ii) a multivariate OLS was run with Gini coefficient as the dependent variable while the ratio of CPI (Consumer Price Index) and Wage Rate, Export as a percentage of GDP (Gross Domestic Product), and population growth rate was used as regressors to understand how income sharing evolves in an open economy and subject of the study was U.S. The result was confirmatory to the theoretical framework and alternative hypothesis represented in the paper that income inequality is positively associated with population for a closed economy while two variables negatively correlated for an open economy. Further, a positive association was found between income inequality and the ratio of CPI and Wage Rate, and Export for an open economy.
Keywords: income inequality, inflation, wage rate, international trade, population.
Contents
- Analyzing the impact of oil price fluctuations
on economic growth in Algeria:
an empirical study
Youssouf HADJI
Abdessamed BEN ABDERRAHMANE
- Impact of population cycle
on income sharing pattern of a capitalistic society
Bishal ROUTH
Joy SARKAR
- Understanding users' behavioral intention to use
artificial intelligence for personal financial management:
an innovation diffusion theory approach
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- Financial stability and monetary policy rules:
evidence from Tunisia
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- The transfer between the spending habits of different
generations-a debate between retail and E-commerce
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- Planning for economic integration:
addressing trade challenges posed
by the Ukraine-Russia conflict in Europe
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- Dynamics of the interplay between economic complexity,
governance and economic growth in the BRICS countries:
a panel GMM approach
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- The relevance of theories of foreign direct investment
to mergers and acquisitions in Africa
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- Structural transformation, poverty,
and inequality in emerging countries
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- How work works for the new generations?
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- Assessing the nexus between market openness
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- The relationship between access to electricity,
CO2 emissions, and economic growth in BRICS
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- Social aspects of the informal economy:
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- Tracing the path: testing the environmental Kuznets Curve
in Algeria using ARDL bounds testing
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- Dynamic interactions
among selected world stock indices:
a VAR approach
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- Boosting human capital: how the COVID-19 pandemic
accelerated agile methodology adoption
in software development
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- Financial contagion and the circular economy paradigm:
opportunities and challenges for Romania
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- The circular economy in Romania:
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and sustainable practices
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Cristian CIUREA
Irina GEORGESCU