Financial Development and Income Inequality at Different Levels of Institutional Quality
We examine whether the relationship between financial development and income inequality varies with levels of institutional quality. The empirical evidence based on the threshold regression approach shows that there indeed exists an institutional quality threshold effect in the relationship between...
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| Veröffentlicht in: | Emerging markets finance & trade 2014-01, Vol.50 (sup1), p.21-33 |
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| container_end_page | 33 |
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| container_title | Emerging markets finance & trade |
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| creator | Law, Siong Hook Tan, Hui Boon Azman-Saini, W. N. W. |
| description | We examine whether the relationship between financial development and income inequality varies with levels of institutional quality. The empirical evidence based on the threshold regression approach shows that there indeed exists an institutional quality threshold effect in the relationship between financial development and income inequality. Financial development tends to reduce income inequality only after a certain threshold level of institutional quality has been achieved. Until then, the effect of financial development on income inequality is nonexistent. This finding suggests that institutional quality affects the link between financial development and income inequality, reflecting the notion that better quality finance results in more equal income distribution. |
| doi_str_mv | 10.2753/REE1540-496X5001S102 |
| format | Article |
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This finding suggests that institutional quality affects the link between financial development and income inequality, reflecting the notion that better quality finance results in more equal income distribution.</description><identifier>ISSN: 1540-496X</identifier><identifier>EISSN: 1558-0938</identifier><identifier>DOI: 10.2753/REE1540-496X5001S102</identifier><language>eng</language><publisher>Abingdon: Routledge</publisher><subject>Equality ; Finance ; financial development ; Income distribution ; Income inequality ; institutions ; Organization theory ; Quality ; Regression analysis ; Studies ; threshold regression</subject><ispartof>Emerging markets finance & trade, 2014-01, Vol.50 (sup1), p.21-33</ispartof><rights>Copyright Taylor & Francis Group, LLC 2014</rights><rights>Copyright © 2014 M.E. Sharpe, Inc.</rights><rights>Copyright M. E. Sharpe Inc. 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This finding suggests that institutional quality affects the link between financial development and income inequality, reflecting the notion that better quality finance results in more equal income distribution.</description><subject>Equality</subject><subject>Finance</subject><subject>financial development</subject><subject>Income distribution</subject><subject>Income inequality</subject><subject>institutions</subject><subject>Organization theory</subject><subject>Quality</subject><subject>Regression analysis</subject><subject>Studies</subject><subject>threshold regression</subject><issn>1540-496X</issn><issn>1558-0938</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp90UtLxDAQB_AiCurqN_BQEMFLNWkebU8iu-sDFsQXeAvZdAJZ2mY3SZX99qZ0D-rB0wTym8nwT5KcYXSVF4xcv8znmFGU0Yp_MITwK0b5XnKEGSszVJFyfzjv7g-TY-9XEZUEl0fJx53pZKeMbNIZfEJj1y10IZVdnT52yrYQC2x62ZiwTWVIZ0ZrcANZDNynVkfhgwl9MLaLY55HfJIcaNl4ON3VSfJ-N3-bPmSLp_vH6e0iUzxnIauRBE1AAi-lrstcSVhSzCqqaM6QpBxjrjnwSsOScVQxIjnDpWJ8qaCmnEySy3Hu2tlNDz6I1ngFTSM7sL0XmPECkYrnKNLzP3Rlexd3HhTJC17hYlB0VMpZ7x1osXamlW4rMBJD3GIXt_gZd2y7GNtWPlj3q4egQuSUFnGTMrqb0ZlOW9fKL-uaWgS5bazTbvgKL8i_L30DMWCTaA</recordid><startdate>20140101</startdate><enddate>20140101</enddate><creator>Law, Siong Hook</creator><creator>Tan, Hui Boon</creator><creator>Azman-Saini, W. 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| issn | 1540-496X 1558-0938 |
| language | eng |
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| source | Jstor Complete Legacy; PAIS Index; EBSCOhost Business Source Complete |
| subjects | Equality Finance financial development Income distribution Income inequality institutions Organization theory Quality Regression analysis Studies threshold regression |
| title | Financial Development and Income Inequality at Different Levels of Institutional Quality |
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