Countries differ on the extent to which their financial system relies on banks or on the financial market. We offer a … advantage. Countries specialising in bank dependent sectors favour the development of the banking sector. Simultaneously …, countries with more efficient capital markets develop comparative advantage in sectors with strong dependence on market finance …

development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage … inequality and unemployment. In contrast, if there are many highproductive firms (those that export), financial development may … have opposite effects - especially if trade costs are low. In sum, the implications of financial development for inequality …

The purpose of this research study has been to expand our understanding of the finance-growth "nexus" to finance-growth-inequality … data for two rounds the study attempts to assess the co-evolution of finance-growth-inequality in an intertemporal … rate independent of the source of loans - banks or moneylenders though the level effect (intercept) is higher if the loan …

-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …

Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the …

, our results suggest that all finance variables increase income inequality. The level of financial development conditions … development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work … the impact of financial liberalization on inequality. Also the quality of political institutions conditions the impact of …