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학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2011.1
- 수록면
- 35 - 58 (24page)
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The paper examines the relationship between financial development and income inequality; and also explores if the Greenwood and Jovianvich (GJ) hypothesis applies to Pakistan. Using data from 1971 to 2005, the paper implements the Auto Regressive Distributed Lag (ARDL) bounds testing approach to cointegration to examine the existence of long run relation ships; and the error correction model (ECM) for the short run relationships. Stationarity properties of the series are tested by the ADF unit root test. The findings indicate that financial development reduces income inequality while financial instability aggravates it. Contrary to the conventional wisdom, we find economic growth worsens income distribution and that the latter is deteriorated further by trade openness. The paper does not find support for the GJ relation. Appropriate reforms aimed at developing a well-organized financial sector in Pakistan can help reduce income inequality.
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참고문헌 (31)
참고문헌 신청
Agenor, P.R. / 2003 / Does Globalization Hurt the Poor / World Bank
Aghion, P. / 1997 / A Theory of Trickle-Down Growth and Development / Review of Economic Studies 64 : 151 ~ 172
Akhter, S. / 2010 / Cross Country Evidence on the Linkages between Financial Development and Poverty / International Journal of Business Management 5 : 1 ~ 19
Ang, J.B. / 2008 / Finance and Inequality: The Case of India
Ang, J.B. / 2009 / Financial Liberalization and Income Inequality
Aghion, P. / 1997 / A Theory of Trickle-Down Growth and Development / Review of Economic Studies 64 : 151 ~ 172
Akhter, S. / 2010 / Cross Country Evidence on the Linkages between Financial Development and Poverty / International Journal of Business Management 5 : 1 ~ 19
Ang, J.B. / 2008 / Finance and Inequality: The Case of India
Ang, J.B. / 2009 / Financial Liberalization and Income Inequality
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