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The study employs macro data on 42 African countries to examine whether remittances and financial development …. Robust evidence from the dynamic GMM estimator shows that: (i) remittances heighten income inequality in Africa, (ii) Africa …'s financial system is not potent enough for repacking remittances towards the equalisation of incomes, and (iii) vis …
Persistent link: https://www.econbiz.de/10013257108
This study employs macrodata on 42 African countries to examine whether remittances and financial development …. Robust evidence based on the dynamic GMM estimator shows that: (i) remittances heighten income inequality in Africa, (ii …) Africa’s financial system is not potent enough for propelling remittances towards the equalisation of incomes, and (iii) vis …
Persistent link: https://www.econbiz.de/10013263036
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The central objective of our paper 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...
Persistent link: https://www.econbiz.de/10011305273
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