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Financial development; income inequality; PSTR model

publication

Financial development and income inequality: a nonlinear econometric analysis of 21 African countries, 1994-2015

Lindokuhle Talent Zungu and Lorraine Greyling
A panel data analysis of financial inequality was conducted using the PSTR model to determine the threshold level at which excessive financial development worsens inequality. The results reveal evidence of a nonlinear effect between financial development and income inequality where the optimal...
Feb 2021
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