Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171570
Authors: 
Kappel, Vivien
Year of Publication: 
2010
Series/Report no.: 
Economics Working Paper Series 10/127
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
JEL: 
O16
G20
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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