Economic Growth, Financial Development, and Income Inequality
Park, Donghyun; Shin, Kwanho | August 2015
Abstract
The paper finds that financial development contributes to reducing inequality up to a point, but as financial
development proceeds further, it contributes to greater inequality. Two factors that can help strengthen the
impact of financial development on inequality are primary schooling, and law and order.
Citation
Park, Donghyun; Shin, Kwanho. 2015. Economic Growth, Financial Development, and Income Inequality. © Asian Development Bank. http://hdl.handle.net/11540/5099. License: CC BY 3.0 IGO.ISSN
2313-6537 (Print); 2313-6545 (e-ISSN)
Keywords
Development
Finance
Development Challenges
Development Issues
Development Problems
Microenterprises Finance
Commercial Finance Companies
Financial Analysis
Banking Finance And Investment
Development plans
Strategic planning
Business Financing
International Financial Market
Insurance stocks
Insurance holding companies
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Citable URI
http://hdl.handle.net/11540/5099Metadata
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