Natural Disasters, Globalization, Financial Development and Income Inequality in Iran
This study investigates the impact of natural disasters on income inequality in Iran from 1980 to 2021. It also explores the moderating effects of financial development and globalization on this relationship. The Non-linear Autoregressive Distributed Lag (NARDL) method is employed for the analysis.T...
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Center for Development Research and Foresight
2024-03-01
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| Series: | پژوهشهای برنامه و توسعه |
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| Online Access: | https://www.journaldfrc.ir/article_198799_7806666b80b8d3300f65c465ef3a1369.pdf |
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| author | Fateh Habibi Vahid Azizi Salaheddin Manochehri Parvin Ali Moradi Afshar |
| author_facet | Fateh Habibi Vahid Azizi Salaheddin Manochehri Parvin Ali Moradi Afshar |
| author_sort | Fateh Habibi |
| collection | DOAJ |
| description | This study investigates the impact of natural disasters on income inequality in Iran from 1980 to 2021. It also explores the moderating effects of financial development and globalization on this relationship. The Non-linear Autoregressive Distributed Lag (NARDL) method is employed for the analysis.The findings reveal that several factors influence income inequality (measured by the Gini coefficient) in both the short and long term. Positive and significant effects were observed for GDP, inflation, severe natural disasters, and the globalization index. Conversely, education level, the square of GDP (indicating an inverted U-shaped relationship), and the financial development index exhibited negative and significant effects.These results support Kuznets' hypothesis, suggesting that income inequality initially rises with economic growth (GDP) before ultimately declining. Furthermore, the study confirms an asymmetric effect of financial development and globalization on income inequality. The analysis suggests that an increase in severe natural disasters, globalization, and a decrease in financial development all contribute to rising income inequality in Iran. |
| format | Article |
| id | doaj-art-17aa683089484792894bd9f1b8258cd2 |
| institution | DOAJ |
| issn | 2645-7466 2717-0365 |
| language | fas |
| publishDate | 2024-03-01 |
| publisher | Center for Development Research and Foresight |
| record_format | Article |
| series | پژوهشهای برنامه و توسعه |
| spelling | doaj-art-17aa683089484792894bd9f1b8258cd22025-08-20T03:17:04ZfasCenter for Development Research and Foresightپژوهشهای برنامه و توسعه2645-74662717-03652024-03-014474210.22034/pbr.2024.198799198799Natural Disasters, Globalization, Financial Development and Income Inequality in IranFateh Habibi0Vahid Azizi1Salaheddin Manochehri2Parvin Ali Moradi Afshar3Associate Professor, Department of Economic Sciences, Faculty of Humanities and Social Sciences, University of Kurdistan, Sanandaj, Iran.Master of Science Theoretical Economics Student, Department of Economic Sciences, Faculty of Humanities and Social Sciences, University of Kurdistan, Sanandaj, Iran.Postdoctoral in Economics, Department of Economic Sciences, Faculty of Humanities and Social Sciences, University of Kurdistan, Sanandaj, Iran.Associate Professor, Department of Economic Sciences, Faculty of Humanities and Social Sciences, University of Kurdistan, Sanandaj, Iran.This study investigates the impact of natural disasters on income inequality in Iran from 1980 to 2021. It also explores the moderating effects of financial development and globalization on this relationship. The Non-linear Autoregressive Distributed Lag (NARDL) method is employed for the analysis.The findings reveal that several factors influence income inequality (measured by the Gini coefficient) in both the short and long term. Positive and significant effects were observed for GDP, inflation, severe natural disasters, and the globalization index. Conversely, education level, the square of GDP (indicating an inverted U-shaped relationship), and the financial development index exhibited negative and significant effects.These results support Kuznets' hypothesis, suggesting that income inequality initially rises with economic growth (GDP) before ultimately declining. Furthermore, the study confirms an asymmetric effect of financial development and globalization on income inequality. The analysis suggests that an increase in severe natural disasters, globalization, and a decrease in financial development all contribute to rising income inequality in Iran.https://www.journaldfrc.ir/article_198799_7806666b80b8d3300f65c465ef3a1369.pdf: income inequalitynatural disastersfinancial developmentglobalization |
| spellingShingle | Fateh Habibi Vahid Azizi Salaheddin Manochehri Parvin Ali Moradi Afshar Natural Disasters, Globalization, Financial Development and Income Inequality in Iran پژوهشهای برنامه و توسعه : income inequality natural disasters financial development globalization |
| title | Natural Disasters, Globalization, Financial Development and Income Inequality in Iran |
| title_full | Natural Disasters, Globalization, Financial Development and Income Inequality in Iran |
| title_fullStr | Natural Disasters, Globalization, Financial Development and Income Inequality in Iran |
| title_full_unstemmed | Natural Disasters, Globalization, Financial Development and Income Inequality in Iran |
| title_short | Natural Disasters, Globalization, Financial Development and Income Inequality in Iran |
| title_sort | natural disasters globalization financial development and income inequality in iran |
| topic | : income inequality natural disasters financial development globalization |
| url | https://www.journaldfrc.ir/article_198799_7806666b80b8d3300f65c465ef3a1369.pdf |
| work_keys_str_mv | AT fatehhabibi naturaldisastersglobalizationfinancialdevelopmentandincomeinequalityiniran AT vahidazizi naturaldisastersglobalizationfinancialdevelopmentandincomeinequalityiniran AT salaheddinmanochehri naturaldisastersglobalizationfinancialdevelopmentandincomeinequalityiniran AT parvinalimoradiafshar naturaldisastersglobalizationfinancialdevelopmentandincomeinequalityiniran |