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This paper analyzes the under-investigated relationship uniting financial development and income distribution. We use a novel approach taking into account for the first time the specific channels linking banks, capital markets and income inequality, the time-varying nature of the relationship,...
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Besides the introduction and the final conclusions, this Discussion Paper has four sections. The first presents the "state of art", that is, the current debate about the long-term financing of the neo-corporatist state capitalism in Brazil. Then it shows the personal and corporate wealth as...
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The relationship between finance and innovation is key for economic development. Both classical economists and economic … relationship between finance and innovation in a cross-country comparison. This comparison uses three sets of data for 187 … divide these 86 countries in three subsets, suggesting reciprocal effects between finance and innovation. …
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