| ID | 168358 |
| Title Proper | Financial liberalization and income inequality |
| Other Title Information | a meta-analysis based on cross-country studies |
| Language | ENG |
| Author | Ni, Niannian |
| Summary / Abstract (Note) | The proposed income distribution effect of financial liberalization has gradually attracted the attention of academic economists, but the research results are inconsistent and even contradictory. This paper presents a quantitative review of these studies. The objectives are to assess the impact of financial liberalization on income inequality and to identify the sources of heterogeneity. A meta-analysis is performed with 23 empirical cross-country studies on the relationship between financial liberalization and income inequality, yielding a total of 556 estimates. We find overall support for the small negative relationship between financial liberalization and income inequality when considering potential publication bias and method heterogeneity. Our results suggest that different impact channels, institutional quality, the measurement used for financial liberalization and income inequality, and the use of different econometric methods are especially effective for explaining the differences in past study findings. |
| `In' analytical Note | China Economic Review Vol.56 , Aug 2019: p.101306 |
| Journal Source | China Economic Review 2019-08 |
| Key Words | Inequality ; Financial Development ; Financial Liberalization ; Meta-Analysis ; Institutional Quality |