Arbeitspapier
Do financial reforms help stabilize inequality?
We explore the relationship between financial reforms and income inequality using a panel of 29 countries over 1975-2005. We extend panel unit root tests to allow for the presence of some financial-reform covariates and further suggest an associated but novel, semi-parametric approach. Results demonstrate that although both gross and net Gini indices follow a unit root process, this picture can change when financial reform indices are accounted for. In particular, whilst gross Gini coefficients are generally not stabilized by financial reforms, net measures are (more likely to be). Thus financial reforms enacted in the presence of a strong safety net would seem preferable.
- ISBN
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978-92-899-1593-9
- Sprache
-
Englisch
- Erschienen in
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Series: ECB Working Paper ; No. 1780
- Klassifikation
-
Wirtschaft
Econometrics
Hypothesis Testing: General
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
International Financial Markets
- Thema
-
financial reform
fractional integration
Gini coefficient
Inequality
panel
unit root
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Christopoulos, Dimitris
McAdam, Peter
- Ereignis
-
Veröffentlichung
- (wer)
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European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Christopoulos, Dimitris
- McAdam, Peter
- European Central Bank (ECB)
Entstanden
- 2015
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