Economic openness, financial bias, and the urban–rural income gap

IF 2 4区经济学 Q2 DEVELOPMENT STUDIES

Review of Development Economics Pub Date : 2023-09-20 DOI:10.1111/rode.13052

Zuocheng Chen, Krishna P. Paudel, Stephen Devadoss

引用次数: 0

Abstract

Abstract We develop a theoretical model to analyze the impact of economic openness and financial bias (i.e., open sector bias and urban area bias) on the urban–rural income gap. Our theoretical model puts forth three propositions, which we empirically test using a dynamic panel data model. We use data from 30 provinces in China spanning from 2004 to 2017 for our empirical analysis. Our results reveal a U‐shaped relationship between the urban–rural income gap and the level of regional economic openness. We also find an inverted U‐shaped relationship between the urban–rural income gap and the open sector bias of regional financial development. Moreover, our analysis indicates a positive relationship between the urban–rural income gap and urban area bias in regional financial development. These three propositions hold true for both nominal and real measures of the income gap.

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经济开放、金融偏置与城乡收入差距

摘要本文建立了一个理论模型，分析了经济开放度和金融偏差(即开放部门偏差和城市地区偏差)对城乡收入差距的影响。我们的理论模型提出了三个命题，并使用动态面板数据模型对其进行了实证检验。我们使用2004年至2017年中国30个省份的数据进行实证分析。研究结果表明，城乡收入差距与区域经济开放水平呈U型关系。城乡收入差距与区域金融发展开放部门偏向之间存在倒U型关系。此外，我们的分析表明，城乡收入差距与区域金融发展的城市区域偏差之间存在正相关关系。这三个命题对名义收入差距和实际收入差距都适用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Development Economics Multiple-

CiteScore

3.20

自引率

6.20%

发文量

109

期刊介绍： The Review of Development Economics is a leading journal publishing high-quality research in development economics. It publishes rigorous analytical papers, theoretical and empirical, which deal with contemporary growth problems of developing countries, including the transition economies. The Review not only serves as a link between theorists and practitioners, but also builds a bridge between development economists and their colleagues in related fields. While the level of the Review of Development Economics is academic, the materials presented are of value to policy makers and researchers, especially those in developing countries.