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    題名: Nonlinearity in the financial development-income inequality nexus
    作者: Kim, Dong-Hyeon;Lin, Shu-Chin;Suen, Yu-Bo
    貢獻者: 淡江大學經濟學系
    關鍵詞: Financial development;Income inequality;Instrumental variables;Threshold regressions
    日期: 2011-09-01
    上傳時間: 2014-10-15 14:28:58 (UTC+8)
    出版者: Waltham: Academic Press
    摘要: The majority of theoretical studies on the relationship between income inequality and financial development argue that financial deepening might be a feasible instrument for improving income distribution. This paper finds that the prediction crucially depends on the stages of financial development that the country is undergoing. The benefits of financial depth only occur if the country has reached a threshold level of financial development. Below this critical value, financial development counteracts income inequality. Our policy implication is that a minimum level of financial development is a necessary precondition for achieving reduction in income inequality through financial development.
    關聯: Journal of Comparative Economics 39(3), pp.310-325
    DOI: 10.1016/j.jce.2011.07.002
    顯示於類別:[經濟學系暨研究所] 期刊論文

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