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  • 标题:Financial Development and Income Inequality: Evidence from African Countries in the Franc Zone
  • 本地全文:下载
  • 作者:Louis Bernard Tchekoumi ; Christèle Awounang
  • 期刊名称:Modern Economy
  • 印刷版ISSN:2152-7245
  • 电子版ISSN:2152-7261
  • 出版年度:2019
  • 卷号:10
  • 期号:01
  • 页码:120-136
  • DOI:10.4236/me.2019.101009
  • 出版社:Scientific Research Publishing
  • 摘要:The aim of this article is to evaluate the effect of financial development on income inequality in a sample of African countries of the Franc Zone. Using data from Worldwide Governance indicators, UNESCO, COBAC, the Banking Commission of West African States and the World Bank, based on cylindrical dynamic panel whose instrumentalisation and stationarity of variables enabled us to use GMM in system, the results show that financial development through its components which are credit to the private sector, network development as well as the monetary mass significantly reduce income inequality among households. This result is robust by alternative or dual use of the components as well as when several control variables are integrated.
  • 关键词:Financial Development;Income Inequality
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