Thornton, John (2024) The impact of finance on income inequality: A threshold analysis. Economics and Business Letters. ISSN 2254-4380 (In Press)
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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 |
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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: | 18 Mar 2024 00:52 |
URI: | https://ueaeprints.uea.ac.uk/id/eprint/94640 |
DOI: |
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