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Autor:innen: 
Lee, Wai Choi
Cheong, Tsun Se
Wu, Yanrui
Datum: 
2017
Schriftenreihe/Nr.: 
ADBI Working Paper No. 651
Verlag: 
Asian Development Bank Institute (ADBI), Tokyo
Zusammenfassung: 
This paper aims to study the impacts of financial development, urbanization, and globalization on income inequality in the People's Republic of China. It applies the regression-based inequality decomposition approach on a panel dataset, which is aggregated from a unique database of financial development so as to quantify the relative contributions of these three factors, along with other variables such as physical capital and human capital, to income inequality. The findings suggest that financial development, urbanization, and globalization exert a positive impact on income. However, the contributions of urbanization, foreign investment, physical capital, and human capital to regional inequality are positive. Moreover, it is found that financial development is crucial for promoting inclusive growth, since it can stimulate economic growth and is found to be an equalizing factor of inequality.
Schlagwörter: 
Economics
China, People's Republic of
JEL: 
C43
F43
O16
R11
Creative-Commons-Lizenz: 
https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
Dokumentart: 
Working Paper

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