The Role Of Financial Development On Income Inequality In Malaysia

By S. Law, H. Tan. 2009

113 citations recorded by the source corpus.

This study examines the role of financial development in influencing income inequality in Malaysia over the period of 1980-2000. The empirical results based on ARDL bounds test indicate that financial market development is, at best, very weak and statistically insignificant in reducing income inequality in Malaysia. The evidence is valid for a variety of financial indicators, including the banking sector, the stock market and financial aggregate variables. The evidence also highlights that besides various governmenti¯s development programs, efforts should also concentrate on improving institutional quality, economic development and maintaining low inflation in its attempt to combat income inequality.

Subfields: Accounting, Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/87f875986b8c6c3023f9f0761b70c40147f08c48

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In Accounting

  1. Muhammad Shahbaz

In Economics and Econometrics

  1. Faridul Islam
  2. Muhammad Shahbaz
  3. Avik Sinha
  4. Ilhan Ozturk
  5. Mantu Kumar Mahalik
  6. Syed Jawad Hussain Shahzad
  7. H. A. Bekhet
  8. N. Othman

In Sociology and Political Science

  1. Faridul Islam
  2. Muhammad Shahbaz

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