Finance and inequality: Fresh evidence from selected countries

• Burcu Berke ^[2] ; Gülsüm Akarsu ^[1]
  1. [1] Ondokuz Mayıs University

     Ondokuz Mayıs University

     Turquía

     
  2. [2] Niğde Ömer Halisdemir University
• Localización: Revista de economía mundial, ISSN 1576-0162, Nº 71, 2025, págs. 23-55
• Idioma: inglés
• Títulos paralelos:
  • Finanzas y desigualdad: Nueva evidencia de una selección de países
• Enlaces
  • Texto completo
• Resumen
  • español

    Existe una relación entre el aumento de la desigualdad de ingresos y el desarrollo financiero global. El objetivo principal de este estudio es poner a prueba la validez de la curva de Kuznets financiera mediante el uso de un modelo de datos de panel para países de altos ingresos, ingresos medioaltos, ingresos medio-bajos y para el conjunto de países en el período 2010- 2021. Los resultados empíricos sugieren que la invalidez de dicha curva puede variar en estos mercados una vez que se consideran los efectos de variables de control adicionales. La literatura identifica varios factores clave que contribuyen a la desigualdad de ingresos, entre los que normalmente se incluyen los niveles de crecimiento, educación, apertura comercial, gasto público, inversión extranjera directa, urbanización, transformación estructural y desarrollo tecnológico. Estos factores también se incorporan en este estudio como variables de control. Este trabajo demuestra la importancia de analizar los efectos heterogéneos del desarrollo financiero sobre la desigualdad de ingresos en los distintos grupos de países.

  • English

    It is noteworthy that a relationship exists between increasing income inequality and global financial development. The primary objective of this study is to challenge the validity of the financial Kuznets curve by employing the panel data method for high-income, upper-middle-income, lower-middleincome, and all countries from 2010 to 2021. Empirical findings suggest that the invalidity of the relevant curve for these markets may vary after accounting for the effects of additional control variables. The literature identifies several key factors contributing to income inequality, typically including levels of growth, education, openness, public spending, foreign direct investment, urbanization, structural transformation, and technological development. These factors are also considered in this study as control variables. This study demonstrates the importance of examining the heterogeneous effects of financial development on income inequality across different country groups.

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