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Does Credit Composition have Asymmetric Effects on Income Inequality? New Evidence from Panel Data
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10.3390ijfs6040082.pdf
Date
2018-9-25
Author
Seven, Ünal
Kilinc, Dilara
Coskun, Yener
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Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
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This paper studied the effects of credit to private non-financial sectors on income inequality. In particular, we focused on the distinction between household and firm credits, and investigated whether these two types of credit had adverse effects on income inequality. Employing cross-section augmented cointegrating regressions and using balanced panel data for 30 developed and developing countries over the period from 1995 to 2013, we showed that firm credit reduced income inequality, whereas there was no significant impact of household credit on income inequality. We concluded that it was not the size of the private credit but its composition which mattered in reducing income inequality, due to the asymmetric effects of different types of credit.
Subject Keywords
Household credit
,
Firm credit
,
Income inequality
,
Credit composition
,
Mean group estimator
URI
https://hdl.handle.net/11511/51370
Journal
International Journal of Financial Studies
DOI
https://doi.org/10.3390/ijfs6040082
Collections
Department of Business Administration, Article
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Ü. Seven, D. Kilinc, and Y. Coskun, “Does Credit Composition have Asymmetric Effects on Income Inequality? New Evidence from Panel Data,”
International Journal of Financial Studies
, 2018, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/51370.