The second paper documents a nonlinear relationship between financial development and income inequality across developing and developed countries, and uncovers the empirical root of this phenomenon. The source is in two parts: there is a close relationship between the level of economic development and the level of financial development across countries; and the impact of financial development on income inequality is contingent on the level of economic development.First I replicate the sample, time period and models used by Clarke et al. and compare these results with the original sample of 60 countries used in this study for ... They also excluded the measure of human capital and trade openness whichanbsp;...
Title | : | Essays on Institutions, Financial Development, and Economic Growth |
Author | : | Nabanita Sukumar Nandi |
Publisher | : | ProQuest - 2008 |
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