The long-run relationship between finance and income inequality: Evidence from panel data
Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid
Fersiynau electronig
Dangosydd eitem ddigidol (DOI)
We use heterogeneous panel cointegration techniques to examine the long-run effect of financial development on income inequality in a panel of 119 countries from 1980 to 2015. We include real GDP per capita in the cointegration relation and explicitly deal with cross-sectional de- pendence in the data that arises due to unobserved common factors. On average, financial de- velopment reduces income inequality in the long-run, with the result robust to different measures of finance and across country income groups.
| Iaith wreiddiol | Saesneg |
|---|---|
| Rhif yr erthygl | 101180 |
| Cyfnodolyn | Finance Research Letters |
| Cyfrol | 32 |
| Dyddiad ar-lein cynnar | 30 Ebr 2019 |
| Dynodwyr Gwrthrych Digidol (DOIs) | |
| Statws | Cyhoeddwyd - Ion 2020 |