Inequality and economic development in Lao PDR since the 1986 economic reform

Name: Sinthavanh Chanthavong

keyword: Economic development

; Inequality

; Determinants of inequality

; Economic reform of Lao PDR

; Gini coefficient

Abstract: Lao PDR has experienced a high rate of economic growth over decades after undergoing economic reform toward a market-oriented economy in 1986. Meanwhile, inequality has been varying in a similar trend as the growth resulting in some development concerns to be addressed. This study is an attempt to review the pattern of and to identify the determinants of inequality in Lao PDR by estimating a longitudinal cross-sectional econometric model based on 17 x 3 samples in Lao provinces over three periods (2003, 2008, & 2013). In order to find the determinants of the rising inequality, the econometric models covering economic development, globalization, and institutional factors were examined. As a result, the study found that economic development was positively associated with the rising inequality. Moreover, it is found that internationalization represented by the FDI inflow has a positive relationship with the Gini coefficient. The Kuznets’s inverted U-curve relationship between inequality and economic growth was not found in this study.

Thammasat University. Thammasat University Library

Address: BANGKOK

Email: preserv@tu.ac.th

Name: Chanin Mephokee

Role: advisor

Created: 2017

Modified: 2021-05-31

Issued: 2021-05-31

วิทยานิพนธ์/Thesis

application/pdf

DOI: 10.14457/TU.the.2017.191

eng

DegreeName: Master of Arts

Level: Master's Degree

Descipline: Asia-Pacific Studies

Grantor: Thammasat University

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