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Does Income Inequality Influence the Role of a Sharing Economy in Promoting Sustainable Economic Growth? Fresh Evidence from Emerging Markets

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dc.contributor.authorHafezali Iqbal Hussainen_US
dc.contributor.authorFakarudin Kamarudinen_US
dc.contributor.authorNazratul Aina Mohamad Anwaren_US
dc.contributor.authorMohsin Alien_US
dc.contributor.authorJason J Turneren_US
dc.contributor.authorSotheeswari A. Somasundramen_US
dc.date.accessioned2024-05-29T02:28:21Z
dc.date.available2024-05-29T02:28:21Z
dc.date.issued2023-02-24
dc.descriptionVolume 8, Issue 2en_US
dc.description.abstractThe impact of the sharing economy has become increasingly prominent in facilitating sustainable economic growth. The current study examined this relationship in the context of emerging markets. It addressed the influence of income inequality on restricting the expected benefits from activities associated with the sharing of assets or services. The study employed panel data from 20 developing countries across Africa and Asia from 2001 to 2020 and used dynamic models to mitigate the impact of endogeneity. The study utilised a proxy indicator for sharing economies developed in the literature, as well as three different measures for income inequality, in order to ensure robust findings. The study employed the generalised method of moments (GMM) as its primary methodology. The GMM results confirmed previous findings from developed countries in which the sharing economy tended to promote the sustainable growth of the economy. Income inequality was observed to have a negative relationship with sustainable economic growth, however, and this indicated that it hampered the ability of the sharing economy to stimulate sustainable growth. Interestingly, when the analysis included interaction terms to capture the moderating impact of income inequality there was more consistency with previous research. The interaction term had a negative coefficient, indicating that income inequality tended to act as an impediment in developing countries to the full capturing of the benefits of peer-to-peer transactions. These findings provided useful insights into collaborative consumption and the peer economy, given that the aim of the sharing of resources would be to capture rent from underused assets. The study suggested that the development of efficient and effective platforms would allow developing countries to capture the benefits of the sharing economy.en_US
dc.identifier.citationHussain, H. I., Kamarudin, F., Anwar, N. a. M., Ali, M., Turner, J. J., & Somasundram, S. (2023). Does income inequality influence the role of a sharing economy in promoting sustainable economic growth? Fresh evidence from emerging markets. Journal of Innovation & Knowledge, 8(2), 100348. https://doi.org/10.1016/j.jik.2023.100348en_US
dc.identifier.doi10.1016/j.jik.2023.100348
dc.identifier.epage9
dc.identifier.issn2530-7614
dc.identifier.issue2
dc.identifier.spage1
dc.identifier.urihttps://www.sciencedirect.com/science/article/pii/S2444569X23000446#section-cited-by
dc.identifier.urihttps://www.scopus.com/record/display.uri?eid=2-s2.0-85149066435&origin=resultslist&sort=plf-f&src=s&sid=884f6f2bc26d7ddea85a3eeb0a669e8f&sot=b&sdt=b&s=TITLE-ABS-KEY%28Does+Income+inequality+influence+the+role+of+a+sharing+economy+in+promoting+sustainable+economic+growth%29&sl=213&sessionSearchId=884f6f2bc26d7ddea85a3eeb0a669e8f
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/10754
dc.identifier.volume8
dc.language.isoen_USen_US
dc.publisherElsevieren_US
dc.relation.ispartofJournal of Innovation and Knowledgeen_US
dc.subjectDeveloping countries; Income inequality; Sharing economy; Sustainable economic growthen_US
dc.titleDoes Income Inequality Influence the Role of a Sharing Economy in Promoting Sustainable Economic Growth? Fresh Evidence from Emerging Marketsen_US
dc.typeArticleen_US
dspace.entity.typePublication

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