One of the debates within economics is whether consumption is driven by income or wealth. The outcome of this debate is important for policymakers; if the goal of policy is lifting or constraining ...

Income inequality and carbon dioxide emissions for high-income nations such as the United States, Denmark and Canada are intrinsically linked – but a new study from Drexel University has taken a ...

In 2024, the nationwide per capita disposable income was 41,314 yuan, a nominal increase of 5.3 percent over the previous year, and the real increase of 5.1 percent after deducting price factor. In ...

While the performance of export-driven companies, particularly in semiconductors, has improved, a Bank of Korea study found ...