The impact of finance on income inequality: A threshold analysis
Research output: Contribution to journal › Article › peer-review
Electronic versions
Documents
- Threshold_FD_GINI_EBL_Final_1_
Accepted author manuscript, 287 KB, PDF document
- EBL_2024_Vol13_Is2_5_104-111_Thornton_vD
Final published version, 253 KB, PDF document
Licence: CC BY-NC-ND Show licence
DOI
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’.
| Original language | English |
|---|---|
| Journal | Economics and Business Letters |
| Volume | 13 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 22 May 2024 |