Financial development and income inequality: evidence from African countries

Enowbi Batuo, M., Guidi, F. and Kupukile, M. 2011. Financial development and income inequality: evidence from African countries. African Development Bank Conference.

TitleFinancial development and income inequality: evidence from African countries
AuthorsEnowbi Batuo, M., Guidi, F. and Kupukile, M.
Abstract

This paper present empirical evidence on how financial development is related to income distribution in a panel data set covering 22 African countries for the period between 1990 to 2004. A dynamic panel estimation technique (GMM) is employ and the findings indicate that income inequality decrease as economies develop their financial sector, which is consistent with the bulk of theoretical and empirical research. The result also confirm that educational attainment play a significant role in making income distribution more equal. We also find no evidence supporting the Greenwood-Jovanovic hypothesis of an inverted-U- shaped

relationship between financial sector development and inequality.

JournalAfrican Development Bank Conference
Year2011
PublisherAfrican Development Bank
Web address (URL)http://www.afdb.org/fileadmin/uploads/afdb/Documents/Knowledge/Session%20II.2.3_1.%20Financial%20Development%20and%20Income%20Inequality.pdf
Publication dates
Completed2011

Related outputs

The role of governance in the effect of the internet on financial inclusion in sub-Saharan Africa
Batuo Enowbi, M., Armand F. Akpa and Simplice A. Asongu 2024. The role of governance in the effect of the internet on financial inclusion in sub-Saharan Africa. Information Technology for Development.

Variations in the determinants of regional development disparities in rural China
Zheng L., Shepherd, D. and Enowbi Batuo, M. 2021. Variations in the determinants of regional development disparities in rural China. Journal of Rural Studies. 82, pp. 29-36. https://doi.org/10.1016/j.jrurstud.2020.08.011

Is information diffusion a threat to market power for financial access? Insights from the African banking industry
Asongu, S., Enowbi Batuo, M., Nwachukwu, J. and Tchamyou, V. 2018. Is information diffusion a threat to market power for financial access? Insights from the African banking industry. Journal of Multinational Financial Management. 45, pp. 88-104. https://doi.org/10.1016/j.mulfin.2018.04.005

Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa
Enowbi Batuo, M., Mlambo, Kupukile and Asongu, Simplice 2018. Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa. Research in International Business and Finance. 45, pp. 168-179. https://doi.org/10.1016/j.ribaf.2017.07.148

The Impact of Regional and Institutional Factors on Labour productive Performance: Evidence from the Township and Village Enterprise Sector in China
Zheng, L., Enowbi Batuo, M. and Shepherd, D. 2017. The Impact of Regional and Institutional Factors on Labour productive Performance: Evidence from the Township and Village Enterprise Sector in China. World Development. 96, pp. 591-598. https://doi.org/10.1016/j.worlddev.2017.04.006

The impact of liberalisation policies on poverty and inequality in African countries
Enowbi Batuo, M. and Asongu, S. 2015. The impact of liberalisation policies on poverty and inequality in African countries. Journal of Economic Studies. 42 (1), pp. 68-100. https://doi.org/10.1108/JES-05-2013-0065

The role of telecommunications infrastructure in the regional economic growth of Africa
Enowbi Batuo, M. 2015. The role of telecommunications infrastructure in the regional economic growth of Africa. Journal of Developing Areas. 49 (1), pp. 313-330. https://doi.org/10.1353/jda.2015.0005

The causal relationship between private and public investment in Zimbabwe
Muyambiri, B., Chiwira, O., Ngonidzashe, C. and Enowbi Batuo, M. 2012. The causal relationship between private and public investment in Zimbabwe. British Journal of Economics, Management & Trade. 2 (3), pp. 239-264. https://doi.org/10.9734/BJEMT/2012/1213#sthash.vRIGH6Eu.dpuf

Testing the weak-form market efficiency and the day of the week effects of some African countries
Enowbi Batuo, M., Guidi, F. and Kupukile, M. 2010. Testing the weak-form market efficiency and the day of the week effects of some African countries. The African Finance Journal. 12, pp. 1-26.

The trade specialization of SANE: evidence from manufacturing industries
Enowbi Batuo, M. and Alessandrini, M. 2010. The trade specialization of SANE: evidence from manufacturing industries. The European Journal of Comparative Economics. 7 (1), pp. 145-178.

How can economic and political liberalisation improve financial development in African countries?
Enowbi Batuo, M. and Mlambo, K. 2009. How can economic and political liberalisation improve financial development in African countries? Journal of Financial Economic Policy. 2 (1), pp. 35-59.

Permalink - https://westminsterresearch.westminster.ac.uk/item/8zx18/financial-development-and-income-inequality-evidence-from-african-countries


Share this

Usage statistics

261 total views
0 total downloads
These values cover views and downloads from WestminsterResearch and are for the period from September 2nd 2018, when this repository was created.