Symmetric and asymmetric effects of financial deepening on income inequality in South Africa

dc.contributor.authorBiyase, Mduduzi
dc.contributor.authorChisadza, Carolyn
dc.date.accessioned2023-07-03T09:12:26Z
dc.date.issued2023
dc.description.abstractThe aim of this study is to examine the financial development-inequality nexus in South Africa from 1980 to 2017, specifically if financial deepening reduces income inequality. The initial results indicate a positive association between financial deepening and income inequality. On further exploration, we find evidence that the Greenwood and Jovanovich hypothesis holds for South Africa. We observe an inverted non-linear relationship between financial deepening and income inequality in the long-run. The results suggest that at early stages of financial development, income inequality increases, but gradually starts to decrease as the financial sector becomes more established in the long-run. The findings highlight the need for policymakers to focus on inclusive financial sector reforms in the early stages of financial development.en_US
dc.description.departmentEconomicsen_US
dc.description.embargo2024-07-06
dc.description.librarianhj2023en_US
dc.description.urihttp://www.tandfonline.com/loi/cdsa20en_US
dc.identifier.citationMduduzi Biyase & Carolyn Chisadza (2023): Symmetric and asymmetric effects of financial deepening on income inequality in South Africa, Development Southern Africa, vol. 40, no. 5, pp. 961-978, DOI: 10.1080/0376835X.2022.2163226.en_US
dc.identifier.issn0376-835X (print)
dc.identifier.issn1470-3637 (online)
dc.identifier.other10.1080/0376835X.2022.2163226
dc.identifier.urihttp://hdl.handle.net/2263/91248
dc.language.isoenen_US
dc.publisherRoutledgeen_US
dc.rights© 2023 Government Technical Advisory Centre (GTAC). This is an electronic version of an article published in Development Southern Africa, vol. 40, no. 5, pp. 961-978, 2023. doi : 10.1080/0376835X.2022.2163226. Development Southern Africa is available online at : http://www.tandfonline.comloi/cdsa20.en_US
dc.subjectFinancial deepeningen_US
dc.subjectIncome inequalityen_US
dc.subjectAutoregressive distributed lag (ARDL)en_US
dc.subjectSouth Africa (SA)en_US
dc.subjectSDG-08: Decent work and economic growthen_US
dc.subjectSDG-10: Reduced inequalitiesen_US
dc.titleSymmetric and asymmetric effects of financial deepening on income inequality in South Africaen_US
dc.typePostprint Articleen_US

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