Economic Growth, Financial Development and Income Inequality
Published By: ADBI on eSS | Published Date: August, 01 , 2015The central objective of the paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative
relationship between the two variables. The finding is that financial development contributes to
reducing inequality up to a point, but as financial development proceeds further, it contributes to greater inequality. It is found that when the ratio of primary schooling to total schooling increases and law and order improves, financial development becomes more effective in reducing inequality.
Author(s): Donghyun Park | Posted on: Aug 12, 2015 | Views() | Download (687)