The impact of finance on income inequality: A threshold analysis

John Thornton; Chrysovalantis Vasilakis

doi:10.17811/ebl.13.2.2024.104-111

The impact of finance on income inequality: A threshold analysis

John Thornton, Chrysovalantis Vasilakis

Ysgol Busnes Albert Gubay

University of East Anglia

Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid

59 Wedi eu Llwytho i Lawr (Pure)

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We identify the optimal level of financial development for income inequality in a panel of countries employing a non-linear panel Generalized Method of Moments (GMM) approach. The impact of financial development is statistically significant above and below the optimal level, but its impact on income inequality is not asymmetric, with the costs of financial ‘under-development’ being greater than those for ‘over-development’.

Iaith wreiddiol	Saesneg
Cyfnodolyn	Economics and Business Letters
Cyfrol	13
Rhif cyhoeddi	2
Dynodwyr Gwrthrych Digidol (DOIs)	https://doi.org/10.17811/ebl.13.2.2024.104-111
Statws	Cyhoeddwyd - 22 Mai 2024

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10.17811/ebl.13.2.2024.104-111Trwydded: CC BY-NC-ND

EBL_2024_Vol13_Is2_5_104-111_Thornton_vDFersiwn derfynol wedi’i chyhoeddi, 253 KBTrwydded: CC BY-NC-ND

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title = "The impact of finance on income inequality: A threshold analysis",

abstract = "We identify the optimal level of financial development for income inequality in a panel of countries employing a non-linear panel Generalized Method of Moments (GMM) approach. The impact of financial development is statistically significant above and below the optimal level, but its impact on income inequality is not asymmetric, with the costs of financial {\textquoteleft}under-development{\textquoteright} being greater than those for {\textquoteleft}over-development{\textquoteright}.",

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AB - We identify the optimal level of financial development for income inequality in a panel of countries employing a non-linear panel Generalized Method of Moments (GMM) approach. The impact of financial development is statistically significant above and below the optimal level, but its impact on income inequality is not asymmetric, with the costs of financial ‘under-development’ being greater than those for ‘over-development’.

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The impact of finance on income inequality: A threshold analysis

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