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Title:The effects of financial development on income inequality and poverty PDF Logo
Authors:Kappel, Vivien
Issue Date:2010
Series/Report no.:Proceedings of the German Development Economics Conference, Hannover 2010 25
Abstract:This paper examines the effects of financial development on income inequality and poverty. The results of both cross-country and panel data regressions suggest that inequality and poverty are reduced not only through enhanced loan markets, but also through more developed stock markets. We show that ethnic diversity and the distribution of land are significant and robust determinants of both income inequality and poverty. Finally, we find evidence that government spending leads to a reduction in income inequality in high income countries. In low income countries, however, we find no significant effect.
Subjects:Financial development
inequality
poverty
Document Type:Conference Paper
Appears in Collections:Proceedings of the German Development Economics Conference, 2010 (Hannover)

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