The effect of financial deepening on inequality: Some international evidence

Autor:	Shigeyuki Hamori, Yoshihiro Hashiguchi
Rok vydání:	2012
Předmět:	Macroeconomics Economics and Econometrics Inequality media_common.quotation_subject Capital deepening Openness to experience Economics Finance Financial deepening media_common Panel data
Zdroj:	Journal of Asian Economics. 23:353-359
ISSN:	1049-0078
DOI:	10.1016/j.asieco.2011.12.001
Popis:	This paper uses an unbalanced panel data analysis of 126 countries for the period 1963–2002 to analyze the effects of financial deepening on inequality. The principal findings can be summarized as follows: (1) financial deepening reduces inequality; (2) economic growth reduces the equalizing effects of financial deepening; (3) inequality increases with an increase in trade openness; (4) the disequalizing effects of trade openness decrease as a country grows; (5) financial deepening and trade openness therefore have asymmetric effects on inequality; and (6) these effects are robust to the choice of financial variables, inequality measures, and model specifications.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b92e8c2699487e6553490ddd56b7781b https://doi.org/10.1016/j.asieco.2011.12.001 Zobrazit plný text záznamu Full Text from ScienceDirect