Financial Development and Income Inequality in Rural China 1991-2000

Zhicheng Liang

No RP2006-96, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Financial development can exert a significant influence on the distribution of income. In this paper, using Chinese provincial data over the period of 1991-2000 and applying the generalized method of moment (GMM) techniques, we investigate the relationship between finance and inequality in rural China by testing alternative existing theories concerning the finance-inequality nexus. A negative and linear relationship between finance and inequality is found in our estimations.

Keywords: Equality and inequality; Finance; Financial institutions; Income; Rural development (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (11)

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