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This 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 … robust determinants of both income inequality and poverty. Finally, we find evidence that government spending leads to a …
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The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...
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This paper investigates the distributional consequences of international remittances using a panel data set from sixty … five developing economies from 1970 to 2015. It focuses on complementarity between financial development and remittances in … determining the inequality-impact of remittances using instrumental variables techniques of panel data for empirical analysis. The …
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