Symmetric and asymmetric effects of financial deepening on income inequality in South Africa
dc.contributor.author | Biyase, Mduduzi | |
dc.contributor.author | Chisadza, Carolyn | |
dc.date.accessioned | 2023-07-03T09:12:26Z | |
dc.date.issued | 2023 | |
dc.description.abstract | The 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.department | Economics | en_US |
dc.description.embargo | 2024-07-06 | |
dc.description.librarian | hj2023 | en_US |
dc.description.uri | http://www.tandfonline.com/loi/cdsa20 | en_US |
dc.identifier.citation | Mduduzi 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.issn | 0376-835X (print) | |
dc.identifier.issn | 1470-3637 (online) | |
dc.identifier.other | 10.1080/0376835X.2022.2163226 | |
dc.identifier.uri | http://hdl.handle.net/2263/91248 | |
dc.language.iso | en | en_US |
dc.publisher | Routledge | en_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.subject | Financial deepening | en_US |
dc.subject | Income inequality | en_US |
dc.subject | Autoregressive distributed lag (ARDL) | en_US |
dc.subject | South Africa (SA) | en_US |
dc.subject | SDG-08: Decent work and economic growth | en_US |
dc.subject | SDG-10: Reduced inequalities | en_US |
dc.title | Symmetric and asymmetric effects of financial deepening on income inequality in South Africa | en_US |
dc.type | Postprint Article | en_US |