BANK COMPETITION, FINANCIAL DEVELOPMENT, AND INCOME INEQUALITY

被引：3
|
作者：
Fu Zhe [1 ]
Xi Dan [1 ]
Xu Jia [1 ]
机构：
[1] Univ Int Business & Econ, Dept Finance, Sch Banking & Finance, Beijing, Peoples R China
来源：
CONTEMPORARY ECONOMIC POLICY | 2021年 / 39卷 / 01期
关键词：
GROWTH; INTERMEDIATION; RISK;
D O I：
10.1111/coep.12481
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Income inequality rises with financial development initially and then drops. We reach this conclusion by numerically solving a heterogeneous agent model parameterized to the Chinese economy. The model features a banking sector with Cournot competition, and the process of financial development in the model economy begins with the deregulation of the banking sector. Based on regressions with the fixed effects and the system generalized method of moments, the empirical analysis also suggests an inverted-U relationship between income inequality and financial development using provincial data from China. (JEL E25, G21, G28)
引用
收藏
页码：42 / 58
页数：17
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