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World index, we estimate the potential causal impact of the rule of law on the long-run net income inequality. Conditioning …
Persistent link: https://www.econbiz.de/10012937115
Many researchers have shown that differences in legal origin explain differences in financial development. Using historical comparisons and cross-country regressions for 30 countries observed for the period from 2005 to 2010, this study tried to assess if different legal origins impacted on the...
Persistent link: https://www.econbiz.de/10013011419
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
policies are created after the 1980 worldwide financial capital in the reorganization of the globalized world with the … natural. Because the world is now a different place. Historically, the analysis we do, we briefly as opposed to a dynamic … capital expansion, before the 1st and 2nd World War battle of inter-imperialist sharing came up. Chronologically, according to …
Persistent link: https://www.econbiz.de/10012985638
This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...
Persistent link: https://www.econbiz.de/10014088240
This paper examines the effects of financial development on income inequality and poverty. The results of both cross-country and panel data regressions suggest that inequality and poverty are reduced not only through enhanced loan markets, but also through more developed stock markets. We show...
Persistent link: https://www.econbiz.de/10008748148
We examine the impact of sector-based reform on income inequality, concentrating on state banking deregulation in the US, for which we employ annual balanced panel data from all 50 states and the District of Columbia, covering the period from 1970 to 2000, for our baseline analysis. The...
Persistent link: https://www.econbiz.de/10012859704
This is a presentation for the paper "Has the Global Financial Crisis Increased Wealth Inequality?" as delivered at the 52 Annual Conference of the Money, Macro and Finance Society" (University of Cambridge)
Persistent link: https://www.econbiz.de/10013213519
This paper introduces a new index of financial inclusion for 151 economies using principal component analysis to compute weights for aggregating nine indicators of access, availability, and usage. It then assesses the impact of financial inclusion on poverty and income inequality. The results...
Persistent link: https://www.econbiz.de/10011808290
During the past decades, corporate law and corporate governance debates have generally been skeptical of elements of economic ‘Nationalism’ or ‘protectionism.’ Arguably, globalization and convergence in corporate governance have resulted in a reduction of protectionist policies. However,...
Persistent link: https://www.econbiz.de/10013300950