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Zhao Kui
School of Management, Huazhong University of Science and Technology, Wuhan 430074, China

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Short Biography

Assistant Professor at School of Management, Department of Public Finance, Huazhong University of Science and Technology, China. Research Interests Public Economics, Labor Economics, Political Economics

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Journal article
Published: 20 January 2021 in Sustainability
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This study aims to determine the role of globalization, electronic government, financial development, concerning the moderation of institutional quality in reducing income inequality and poverty in One Belt One Road countries. The electronic government and regional integration of the economies of the One Belt One Road countries has increased globalization and can play a vital role in reducing income inequality and poverty. However, this globalization and digital transformation of government systems can only be beneficial in the presence of good institutional quality. The sample includes 64 One Belt One Road countries from 2003 to 2018. We employed a two-step system generalized method of moment (Sys-GMM) and a robustness check through Driscoll–Kraay standard errors regression. Our findings show that globalization, economic growth, e-government development, government expenditure, and inflation have a statistically significant and negative impact on income inequality and are key to eradicating income inequality and poverty. On the other hand, financial development, gross capital formation, and population size positively influence income inequality, which causes an increase in poverty and income inequality as financial development and population levels increase. Moderating variable institutional quality also positively impacts income inequality, which means that institutional quality in Belt and Road Countries is weak, as they are mostly developing countries that need to improve their systems. Moreover, the marginal effect also revealed that institutional quality has a corrective effect on the factors’ relationship with income inequality. Our findings endorse and conclude that globalization and e-government development improve economic growth and eradicate poverty and income inequality by boosting digitalization, investments, job creation, and wage increases for semi-skilled and unskilled human capital in Belt and Road countries. The sustainable utilization of financial and institutional resources plays a vital role in reducing income inequality and poverty in Belt and Road countries.

ACS Style

Atta Ullah; Zhao Kui; Saif Ullah; Chen Pinglu; Saba Khan. Sustainable Utilization of Financial and Institutional Resources in Reducing Income Inequality and Poverty. Sustainability 2021, 13, 1038 .

AMA Style

Atta Ullah, Zhao Kui, Saif Ullah, Chen Pinglu, Saba Khan. Sustainable Utilization of Financial and Institutional Resources in Reducing Income Inequality and Poverty. Sustainability. 2021; 13 (3):1038.

Chicago/Turabian Style

Atta Ullah; Zhao Kui; Saif Ullah; Chen Pinglu; Saba Khan. 2021. "Sustainable Utilization of Financial and Institutional Resources in Reducing Income Inequality and Poverty." Sustainability 13, no. 3: 1038.