TY - JOUR
T1 - Desarrollo financiero y desigualdad del ingreso, el caso de América Latina
AU - Gómez Rodríguez, Tomás
AU - Ríos Bolívar, Humberto
AU - Aali Bujari, Ali
N1 - Publisher Copyright:
© 2019 Universidad Nacional Autonoma de Mexico. All rights reserved.
PY - 2019
Y1 - 2019
N2 - The relationship between financial development and income inequality was analyzed using a database comprising 13 Latin American countries, covering a period from 1990 to 2015. The main variable is financial development, which is measured through the credit to GDP ratio. On the other hand, to measure income inequality, the Gini index was used. To carry out the analysis, the following econometric methods were used: fixed effects, estimated generalized least squares and the method of generalized moments together with estimated generalized least squares. In addition, the following control variables were used: GDP per capita, government expenditure to GDP ratio, trade opening, the inflation rate and the population. It was found that the development of the financial system increases income inequality. These results were validated using different econometric specifications.
AB - The relationship between financial development and income inequality was analyzed using a database comprising 13 Latin American countries, covering a period from 1990 to 2015. The main variable is financial development, which is measured through the credit to GDP ratio. On the other hand, to measure income inequality, the Gini index was used. To carry out the analysis, the following econometric methods were used: fixed effects, estimated generalized least squares and the method of generalized moments together with estimated generalized least squares. In addition, the following control variables were used: GDP per capita, government expenditure to GDP ratio, trade opening, the inflation rate and the population. It was found that the development of the financial system increases income inequality. These results were validated using different econometric specifications.
KW - Financial development
KW - Income inequality
KW - Latin America
UR - http://www.scopus.com/inward/record.url?scp=85085338261&partnerID=8YFLogxK
U2 - 10.22201/FCA.24488410E.2019.1902
DO - 10.22201/FCA.24488410E.2019.1902
M3 - Artículo
SN - 0186-1042
VL - 64
JO - Contaduria y Administracion
JF - Contaduria y Administracion
IS - 4
ER -