Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39977
Authors: 
Kappel, Vivien
Year of Publication: 
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

Files in This Item:
File
Size
213.37 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.