On the impact of financial development on income distribution: time-series evidence

Mohsen Bahmani-Oskooee and Ruixin Zhang

Applied Economics, 2015, vol. 47, issue 12, 1248-1271

Abstract: Financial market development is said to have equalizing or unequalizing effects on income distribution. Previous research used cross-sectional and panel data and provided mixed results. Suspecting that they suffer from aggregation bias, we adhere to time-series data and error-correction modeling technique and address the issue one more time in each of the 17 countries for which we have time-series data. In 10 counties, short-run effects of financial market development on income distribution were found to be equalizing. In five countries, the effects were unequalizing. However, the equalizing effects lasted into the long run only in three countries of Denmark, Kenya and Turkey.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2014.993135 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:47:y:2015:i:12:p:1248-1271

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2014.993135

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().