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This paper analyses the influence of financial development on income inequality. Throughout this work, one may find the overview of theoretical and empirical literature as well as the empirical model using fixed panel data method. This research paper tries to disentangle the opposing views on...
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This study complements existing literature by investigating how investment-driven finance affects inequality in Africa. The empirical evidence is based on restricted and unrestricted Two-Stage Least Squares and a pre-crisis periodicity (1980-2002). Inequality is measured with estimated household...
Persistent link: https://www.econbiz.de/10013001843
The paper introduces a new specification of the Kuznets curve, where turning point per capita income is conditioned to the level of financial development. Within the proposed framework, it then provides new evidence on real income convergence for the euro area (EA) since the mid-1980s, with a...
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This paper provides evidence on the link between financial development and income distribution. Several dimensions of financial development are considered: financial access, efficiency, stability, and liberalization. Each aspect is represented by two indicators: one related to financial...
Persistent link: https://www.econbiz.de/10012996071
The effect of FinTech on income inequality in China and the characteristics of the existing thresholds are examined in this study based on China provincial panel data from 2011 to 2020 by combining dynamic panel differential GMM with panel threshold models. As revealed by this study, (1) FinTech...
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