The study applied the system generalized method of moments (SGMM) to analyse data and the findings showed that each dimension of financial development had a varying impact on income inequality. Access, stability and efficiency components of financial development reduce income inequality, while the ...
inequalityfinancial institutionsWe investigate the effects of financial development on income inequality for a global sample of countries between 1980 and 2019. The study contributes to the current literature by first, making use of a multifaceted index of financial development that captures different ...
The central objective of our article is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes to lower...
We analyse the effect of financial development and globalization (i.e. the reduction of trade costs) on income distribution when a financial institution is imperfect. Financial imperfection creates income inequality, by benefiting borrowers (entrepreneurs) and harming lenders through its effect of lowerin...
income inequality on growth;when the level of financial development is low,the income inequality will reduce the rate of growth;when the level of financial development is high,the income inequality will raise the rate of growth;(3)the threshold value on which financial development changes the ...
This article aims at investigating the long-run relationship between financial development and income inequality in China using Autoregressive Distributed Lag (ARDL) model from 1978 to 2006. The results suggest that there exists a strong relationship between the Gini coefficient and financial development,...
The results indicate that financial sector development has a positive impact on reducing income inequality; this is consistent with the bulk of theoretical and empirical research. The results also confirm that financial sector development and education have joint effects on reducing income inequality. We...
Financial developmentinequalitypovertyThis paper examines the effects of financial development on income inequality and poverty. The results of both cross-country and panel data regressions suggest that inequality and poverty are reduced not only through enhanced loan markets, but also through more ...
Financial Development and Income Inequality: Evidence From Advanced, Emerging and Developing Economies We investigate the effects of financial development on income inequality for a global sample of countries between 1980 and 2019. The study contributes to t... C Chisadza,M Biyase,M Mcaleer - 《An...
Financial development and income inequality in Pakistan: An application of ARDL approach The paper examines the relationship between financial development and income inequality; and also explores if the Greenwood and Jovianvich (GJ) hypothesis ... M Shahbaz,F Islam - 《Social Indicators Research》 被...