نوع مقاله : علمی- پژوهشی
نویسندگان
1 دانش آموخته کارشناسی ارشد اقتصاد، دانشگاه بجنورد
2 استادیار گروه اقتصاد، دانشگاه بجنورد
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
One of the most important factors affecting income inequality is the development and expansion of the financial sector. The main purpose of this study is to investigate the effect of financial development on income inequality in selected financially developed and less financially developed countries from 1998 to 2021. For this purpose, first, the composite index of financial development was calculated by principal component analysis (PCA) and then the model was estimated by the generalized least square (GLS) method. The results indicate that financial development has no significant effect on the Gini coefficient (index of income inequality) in developed countries, but in less developed countries, the existence of an inverted U-shaped relationship between financial development and income inequality has been confirmed, which is in accordance by Greenwood and Jovanovic's inverted U theory. Also, the real GDP per capita in both groups of countries has had a negative and significant effect on the Gini coefficient (it has reduced income inequality). Also, the effect of foreign trade on the Gini coefficient was positive and significant in developed countries (increase in income inequality), while in less developed countries it had a negative and significant effect (decrease in income inequality).
کلیدواژهها [English]
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