Research on the Influence of Income Distribution Gap on Socio-economic Sustainable Development and Its Regulation Mechanism

Abstract

 This article focuses on the influence of the income distribution gap on socio-economic sustainable development and its regulation mechanism. By combining related theories, using a multiple linear regression model, the sustainable development of the social economy is measured by the growth rate of per capita GDP, and the Gini coefficient represents the income distribution gap. The growth rate of fixed assets investment, urbanization rate and the proportion of education investment are introduced as control variables, and an empirical analysis is carried out based on national authoritative statistics. Descriptive statistics show that the average growth rate of per capita GDP is 6.53%, with a standard deviation of 2.12; The average Gini coefficient is 0.45. The regression results show that every unit of the Gini coefficient increases, the per capita GDP growth rate decreases by 0.85 percentage points, showing a significant negative impact. Investment in fixed assets, urbanization and education have a positive impact on economic growth. Accordingly, it is proposed to regulate the income distribution gap from three aspects: perfecting the primary distribution, strengthening the redistribution and establishing the incentive mechanism for the third distribution, so as to promote the sustainable development of the social economy.