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Financialization, digital technology and income inequality

Siti Nurazira Mohd Daud, Abd Halim Ahmad and Wan Azman Saini Wan Ngah
Authors registered in the RePEc Author Service: W.N.W Azman-Saini

Applied Economics Letters, 2021, vol. 28, issue 16, 1339-1343

Abstract: This paper investigates the impact of digital technology on the relationship between financialization and income inequality of 54 countries from 2010 to 2015. The results show that financialization and digital technology widen the income inequality gap. Therefore, policies should be centred primarily on eliminating obstacles and developing innovative products that focus on solutions to the low-income consumer problem and those who have been marginalized.

Date: 2021
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DOI: 10.1080/13504851.2020.1808165

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