Law, Siong Hook; Tan, Hui Boon - In: Journal of Economic Development 34 (2009) 2, pp. 153-168
This study examines the role of financial development in influencing income inequality in Malaysia over the period of 1980-2000. The empirical results based on ARDL bounds test indicate that financial market development is, at best, very weak and statistically insignificant in reducing income...