Abstract
This paper first sorts out the existing research results between economic growth and income distribution; further, through macro data from the export-oriented mechanism of labor-intensive products, the capital owner’s interest-biased distribution mechanism, urban-rural dual structure and department Interrevenue distribution and other aspects explore the difference in income distribution between factors and its relationship with economic growth. Secondly, this paper analyzes the internal relationship between the income distribution structure and the construction of modern economic system from efficiency mechanism, fair mechanism and coordination mechanism. Finally, combined with the actual situation of China’s economic growth, give the policy recommendations of optimizing the income distribution structure are proposed to promote the construction of modern economic system.
Highlights
A modern economic system is the economic foundation of a modern and powerful country, and building a modern economic system is the main symbol and major strategic choice for the high-quality development of a developing country's economy (Liu Zhibiao, 2018)
The difference in the income distribution structure determines the sustainable development of the economy through its impact on micro-subjects (Zhang Jie and Liu Zhibiao, 2008)
This section intends to use macro data to explore the differences in income distribution among factors in terms of the export-oriented mechanism of labor-intensive products, the interest-biased distribution mechanism of capital owners, the dual structure of urban and rural areas, and their relationship with economic growth
Summary
The income distribution decision mechanism is essentially a decisive factor affecting the size and structure of social purchasing power (Zhang Jie and Liu Zhibiao, 2008). The difference in the income distribution structure determines the sustainable development of the economy through its impact on micro-subjects (Zhang Jie and Liu Zhibiao, 2008). According to the research of Piketty et al (2019), China’s income inequality has increased significantly, and the inequality of distribution contains problems such as wealth inequality and urban-rural income gap. This section intends to use macro data to explore the differences in income distribution among factors in terms of the export-oriented mechanism of labor-intensive products, the interest-biased distribution mechanism of capital owners, the dual structure of urban and rural areas, and their relationship with economic growth
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