Showing 1 - 10 of 6,412
The objective of this paper is to examine whether bank and stock market development contributes to reducing income inequality and poverty in emerging countries. Using dynamic panel data methods with an updated dataset for the period 1987–2011, we assess the finance–inequality–poverty nexus...
Persistent link: https://www.econbiz.de/10012995723
This study investigates the role of information and communication technology (ICT) on income inequality through financial development dynamics of depth (money supply and liquid liabilities), efficiency (at banking and financial system levels), activity (from banking and financial system...
Persistent link: https://www.econbiz.de/10011998776
Empirical studies of the link between finance and inequality document that across countries financial development is associated with lower and decreasing income inequality. This article uses an indicator of economic literacy as a proxy for the ability to reap the benefits of financial investment...
Persistent link: https://www.econbiz.de/10013065254
This paper investigates the existence of nonlinearities in the relationship between financial development and income inequality, using the Instrumental Variable Threshold Regression (IVTR) introduced by Caner and Hansen (2004). It is shown, based on cross-sectional data of 60 developed and...
Persistent link: https://www.econbiz.de/10012844317
We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With...
Persistent link: https://www.econbiz.de/10013317766
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
The study complements the existing literature on the role of credit constraints in the interplay between income inequality and economic growth. The question "what type of financial development matters for inequality-growth relationship" is answered empirically by adopting a multi-dimensional...
Persistent link: https://www.econbiz.de/10012837041
The study employs macro data for 42 African countries to examine the interactive and threshold effects of financial development in the remittances-inclusive growth relationship. First, evidence based on the system GMM estimator shows that remittances are not statistically significant in...
Persistent link: https://www.econbiz.de/10014265891
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/10013009688
This paper tests the relationship between financial development and income inequality differentiating between gross- and net income inequality in a cross-country setting, using a new standardized database of income inequality. Financial development does negatively affect income inequality...
Persistent link: https://www.econbiz.de/10013035240