Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324519 
Authors: 
Year of Publication: 
2020
Citation: 
[Journal:] Central European Economic Journal (CEEJ) [ISSN:] 2543-6821 [Volume:] 7 [Issue:] 54 [Year:] 2020 [Pages:] 84-100
Publisher: 
Sciendo, Warsaw
Abstract: 
This paper analyses the influence of financial development on income inequality. Throughout this work, one may find the overview of theoretical and empirical literature as well as the empirical model using fixed panel data method. This research paper tries to disentangle the opposing views on the relationship between finance and income distribution, by evaluating the impact of the different dimensions of financial development on the level of income inequality. The important added value of this research is the usage of quintiles of income distribution as a dependent variable that may help to recognise the effect of financial development on the poorest and richest. Another novelty of the paper is the consideration of the effects of financial variables on Gini coefficient in the long and short run. The main results of the analysis using dataset from 2003 to 2014 indicate that financial access decreases income inequality.
Subjects: 
income inequality
financial development
access to finance
financial depth
financial stability
efficiency of financial sector
JEL: 
D63
G10
G20
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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