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We analyze the link between financial development and income inequality for a broad unbalanced dataset of 138 developed and developing countries over the years 1960 to 2008. Using credit-to-GDP as measure of financial development, our results reject theoretical models predicting a negative...
Persistent link: https://www.econbiz.de/10010280825
Formal remittance flows to Pakistan have shown noticeable growth over the past decade. Using bilateral remittance data … suitable to control for unobserved heterogeneity as well as simultaneous bias existing between remittances and migrant's stock …. The main novelty with respect to the existing literature is the use of transaction costs of remittances as a superior …
Persistent link: https://www.econbiz.de/10010368305
Formal remittance flows to Pakistan have shown noticeable growth over the past decade. Using bilateral remittance data … suitable to control for unobserved heterogeneity as well as simultaneous bias existing between remittances and migrant's stock …. The main novelty with respect to the existing literature is the use of transaction costs of remittances as a superior …
Persistent link: https://www.econbiz.de/10010954397
development vis-à-vis income in Pakistan for the periods 1980-2010 using the bounds procedure within the augmented Solow …-model approach. In the long-run, trade openness, ODA, and remittances have a significant positive effect on the income level, while … while remittances, trade openness and financial development have lagged negative effects. Therefore, understanding that aid …
Persistent link: https://www.econbiz.de/10011110256
Despite the increasing importance of remittances in total international capital flows, the relationship between … remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in … particular how local financial sector development influences a country's capacity to take advantage of remittances Using a newly …
Persistent link: https://www.econbiz.de/10010267976
structural equation path models is estimated. In the modeling part, poverty traps result from large fixed costs or high …
Persistent link: https://www.econbiz.de/10010305424
This paper looks at the issue of reforming financial regulatory structures from the New Institutional Economics perspective. In particular, it examines how the broader institutional environment prevailing in developing countries like the Philippines may affect the institutional arrangements for...
Persistent link: https://www.econbiz.de/10011429863
One of the central concerns in Latin America and the Caribbean (LAC) has been the reduction of poverty and inequality …
Persistent link: https://www.econbiz.de/10010269162
This paper examines the long-run determinants of the evolution of top in-come shares. Using a newly assembled panel of 16 developed countries over the entire twentieth century, we find that financial development dis-proportionately boosts top incomes. This effect appears to be particularly...
Persistent link: https://www.econbiz.de/10010281266
Financial development can exert a significant influence on the distribution of income. In this paper, using Chinese provincial data over the period of 1991-2000 and applying the generalized method of moment (GMM) techniques, we investigate the relationship between finance and inequality in rural...
Persistent link: https://www.econbiz.de/10010284548