List of Articles طبقه بندی JEL : D31

• Open Access Article
  • Abstract Page
  • Full-Text
  
  1 - The Influence of Financial Development on Income Distribution in Some Selected Countries
  منیره دیزجی محدثه آهنگری گرگری
    Abstract Since the development of institutions, agencies and financial markets of each country can have significant effects on income distribution of that country. The aim of this study is to examine the relation between the financial development and inequality More

    Abstract Since the development of institutions, agencies and financial markets of each country can have significant effects on income distribution of that country. The aim of this study is to examine the relation between the financial development and inequality in developed and developing countries  by using generalized least square method(GLS) and generalized method of moments(GMM) and related theories, studied by entering variables like unemployment rate, the average years of schooling indices of human development, government size and per capita during the period 2000 to 2013. Thus, according to the ranking report of the United Nations Human Development(UNDP) in 2014, 35 countries with very high human development index and 32 countries with high and medium human development index have been selected as developed and developing countries, respectively, which these regions have had full data. The estimation results have been obtained using Stata14 and Eviews9. Empirical results obtained for developed countries, showed that the square of financial development is part of the descending inverted U curve. For developing countries, the estimation result of GLS approved the inverted U curve for the variables financial development and per capita income, while the GMM results income with income inequality, respectively. Finally, according to the above discussion, it can be concluded that for the developed and developing countries, the increase of financial institutions will reduce the income inequality. Manuscript profile