Financial Market Development and Income Distribution Inequality in the Emerging Markets
作者: Dingli Xi
刊名: Asian Business Research, 2019, Vol.4 (3)
来源数据库: July Press
DOI: 10.20849/abr.v4i3.653
原始语种摘要: The disruptive effects of the subprime financial crisis have raised new global concerns toward the increasing income distribution inequality. Nowadays, it has become one of the mainstays of public and scientific discourse around the world. Theoretical financial Kuznets curve suggests that the relationship between financial market development and income distribution inequality follows an inverted U-shaped pattern. However, current literature failed to support this hypothesis. The expansion of the financial market truly provides more relative opportunities for the poor which benefits the equalization. But those advantage opportunities are likely to be captured by some specific groups instead of all population. The majority literature on this academic field focus on developed countries with...
全文获取路径: July Press  (合作)
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关键词翻译
关键词翻译
  • financial 财政的
  • income 收入
  • market 市场
  • development 开发
  • inequality 不等式
  • economic 经济的
  • providing 只要
  • panel 
  • disruptive 破坏的
  • consequence 后承