Abstract
ABSTRACT Rising globalization, tech breakthroughs, and market shifts increased income inequality. COVID-19 worsened it, emphasizing the issue’s global permanence. This study examines economic freedom’s impact and corruption’s moderating role on income inequality in BRICS and Next-11 countries from 1995 to 2021. Panel quantile regression and Panel ARDL were used to analyse data. Results show economic freedom’s positive impact on income inequality in the overall sample, as well as in BRICS and Next-11 countries. Control of corruption reduces inequality, but interaction with economic freedom worsens its impact. Economic freedom counteracts corruption control’s benefits on inequality.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call