Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63268
Authors: 
Liang, Zhicheng
Year of Publication: 
2006
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2006/96
Abstract: 
Financial development can exert a significant influence on the distribution of income. In this paper, using Chinese provincial data over the period of 1991-2000 and applying the generalized method of moment (GMM) techniques, we investigate the relationship between finance and inequality in rural China by testing alternative existing theories concerning the finance-inequality nexus. A negative and linear relationship between finance and inequality is found in our estimations. The empirical results show that financial development significantly reduces income inequality in post-reform rural China.
Subjects: 
financial development
income inequality
economy
China
JEL: 
D63
G20
R11
ISBN: 
9291908762
Document Type: 
Working Paper

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