The impact of finance on income inequality: A threshold analysis

Thornton, John and Vasilakis, Chrysoivalantis (2024) The impact of finance on income inequality: A threshold analysis. Economics and Business Letters, 13 (2). pp. 104-111. ISSN 2254-4380

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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 (GMM) 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 ‘underdevelopment’ being greater than those for ‘over-development’.

Item Type:	Article
Uncontrolled Keywords:	sdg 10 - reduced inequalities ,/dk/atira/pure/sustainabledevelopmentgoals/reduced_inequalities
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
Depositing User:	LivePure Connector
Date Deposited:	11 Mar 2024 16:31
Last Modified:	19 Jun 2024 14:30
URI:	https://ueaeprints.uea.ac.uk/id/eprint/94640
DOI:	10.17811/ebl.13.2.2024.104-111

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