The impact of finance on income inequality: a threshold analysis

IF 0.9 Q3 ECONOMICS

Economics and Business Letters Pub Date : 2024-05-22 DOI:10.17811/ebl.13.2.2024.104-111

John Thornton, Chrysoivalantis Vasilakis

引用次数: 0

Abstract

We identify the optimal level of financial development for income inequality in a panel of countries employing a non-linear panel Generalized Method of Moments approach. The impact of financial development is statistically significant above and below the optimal level, but its impact on income inequality is not asymmetric, with the costs of financial ‘under-development’ being greater than those for ‘over-development’.

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金融对收入不平等的影响：门槛分析

我们采用非线性面板广义矩量法确定了一组国家收入不平等的最佳金融发展水平。金融发展对最佳水平上下的影响在统计上是显著的，但其对收入不平等的影响并不对称，金融 "发展不足 "的成本大于 "发展过度 "的成本。

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

Economics and Business Letters ECONOMICS-

CiteScore

1.80

自引率

11.10%

发文量

期刊介绍： Economics and Business Letters is an open access journal that publishes both theoretical and empirical quality original papers in all economics and business fields. In addition, relevant discussions on current policy issues will be considered for the Policy Watch section. As general strategy of EBL, the journal will launch calls for papers for special issues on topics of interest, generally with invited guest editors. The maximum length of the letters is limited to 2,500 words.