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portada Income inequality and financial development in Southern Africa
Type
Physical Book
Author
Publisher
Language
English
Pages
88
Format
Paperback
Dimensions
22.9 x 15.2 x 0.5 cm
Weight
0.14 kg.
ISBN13
9786206361534
Categories

Income inequality and financial development in Southern Africa

Tai Raphael Ano (Author) · Our Knowledge Publishing · Paperback

Income inequality and financial development in Southern Africa - Ano, Tai Raphael

New Book Imported to Austria
Delivery: 01 Sep - 03 Sep Shipping: 13 to 14 business days.
80,73 €
Import costs and 10% VAT included in the price ✅
80,73 €

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Synopsis "Income inequality and financial development in Southern Africa"

The overall objective of this book is to examine the effect of financial development on income inequality in the Southern African Development Community (SADC). We used the Generalized Moments Method (GMM) in dynamic panel data of Blundell and Bond (1998) from data from fourteen (14) SADC member countries observed over the period from 2011 to 2020. The results of the Econometric modeling obtained show a negative effect of financial development by the credit provided to the private sector and the ratio of liquid reserves of banks to assets on income inequality, while the money supply (M2/GDP) has a positive effect on inequality of income. Moreover, these relationships are characterized by unidirectional Granger causality running from financial development to income inequality through the credit provided to the private sector and the liquid reserve ratio of banks.

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