BANK COMPETITION, FINANCIAL DEVELOPMENT, AND INCOME INEQUALITY.
Income inequality rises with financial development initially and then drops. We reach this conclusion by numerically solving a heterogeneous agent model parameterized to the Chinese economy. The model features a banking sector with Cournot competition, and the process of financial development in the...
| Publicado en: | Contemporary Economic Policy Vol. 39; no. 1; pp. 42 - 59 |
|---|---|
| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jan2021
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=147175923&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 147175923 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: Y pubinfo: dt: Jan2021 vid: 39 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 147175923 10.1111/coep.12481 ppf: 42 ppct: 17 formats: fmt: @attributes: type: P size: 1.4MB tig: atl: BANK COMPETITION, FINANCIAL DEVELOPMENT, AND INCOME INEQUALITY. aug: au: Fu, Zhe Xi, Dan Xu, Jia affil: School of Banking and Finance, Department of Finance, University of International Business and Economics, Beijing, China su: China Income inequality Banking industry Deregulation Moments method (Statistics) sug: subj: Income inequality Banking industry Deregulation China Commercial Banking Personal and commercial banking industry Other Depository Credit Intermediation Savings Institutions Moments method (Statistics) ab: Income inequality rises with financial development initially and then drops. We reach this conclusion by numerically solving a heterogeneous agent model parameterized to the Chinese economy. The model features a banking sector with Cournot competition, and the process of financial development in the model economy begins with the deregulation of the banking sector. Based on regressions with the fixed effects and the system generalized method of moments, the empirical analysis also suggests an inverted‐U relationship between income inequality and financial development using provincial data from China. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|