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This paper examines how domestic, foreign, private and public investments affect income-inequality through financial … the poor as they diminish estimated household income-inequality. Financial size does not have a significant income … in the literature provide new insights into the finance-inequality nexus. Policy implications are discussed. …
Persistent link: https://www.econbiz.de/10011390778
Hitherto very few studies on the inequality-finance(investment) nexus have focused on the African continent owing to … poverty should take account of the disequalizing income-effect of foreign investment in undeveloped countries. …
Persistent link: https://www.econbiz.de/10011390779
which freedoms channels are poverty and inequality mitigated? With the instrumentality of formal institutions: (1) de jure … some channels of globalization on poverty (and inequality), formal institutions have the capacity to device policies that …) political liberalization has a disequalizing effect and; (3) economic freedom has a positive (negative) effect on inequality …
Persistent link: https://www.econbiz.de/10011390834
In the first empirical study on how financial reforms have been instrumental in mitigating inequality through financial …: (1) while formal financial development decreases inequality, financial sector formalization increases it; (2) whereas … semi-formal financial development increases inequality, the effect of financial semi-formalization is unclear; (3) both …
Persistent link: https://www.econbiz.de/10011390836
'-oriented poverty reduction channels are discussed. Originality/value - It deviates from mainstream country-specific and microeconomic … survey-based approaches in the literature and provides the first macroeconomic assessment of the 'mobile phone'-inequality …
Persistent link: https://www.econbiz.de/10011390847
-specific and microeconomic survey-based approaches is on 52 African countries. 'Mobile phone'-oriented poverty reduction channels …
Persistent link: https://www.econbiz.de/10011390851
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...
Persistent link: https://www.econbiz.de/10011390855
This study complements the inclusive growth literature by examining the determinants and consequences of the middle class in a continent where economic growth has been relatively high. The empirical evidence is based on a sample of 33 African countries for a 2010 cross-sectional study. OLS,...
Persistent link: https://www.econbiz.de/10011390886
-oriented economy. We offer a comprehensive study of inequality and mobility patterns for Russia, using multiple rounds of the Russian … inequality, with the latter being mostly caused by pro-poor growth rather than redistribution. The poorest tercile experienced a … growth rate that was more than 10 times that of the richest tercile, leading to less long-term inequality than short …
Persistent link: https://www.econbiz.de/10011954395
improvements in almost all labour market indicators and consequent reductions in poverty rates. Across countries, economic growth … reductions in poverty were strongly related to improvements in earnings and employment indicators. Although the 2008 crisis …
Persistent link: https://www.econbiz.de/10011440688