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Cross country evidence on financial development - income inequality link
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index.pdf
Date
2012
Author
Akbıyık, Ceren
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This study analyzes the relationship between financial development and income inequality by using panel data of 60 developing and developed countries for the period 2000-2010. We find evidence for the linear negative relationship between financial development and income inequality which asserts that financial development reduces income inequality. We also find evidence supporting Kuznets inverted u-shaped hypothesis on development-income inequality link, except that for the developed countries where we find evidence for u-shaped hypothesis. It is also concluded that the panel is stationary without unit root, indicating that shocks on income inequality is not persistent.
Subject Keywords
Income distribution.
,
Distribution (Economic theory).
,
Wealth.
URI
http://etd.lib.metu.edu.tr/upload/12614851/index.pdf
https://hdl.handle.net/11511/21844
Collections
Graduate School of Social Sciences, Thesis
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C. Akbıyık, “Cross country evidence on financial development - income inequality link,” M.S. - Master of Science, Middle East Technical University, 2012.