TAILIEUCHUNG - Impact of financial development on income inequality in Vietnam

This study inspects the nexus between financial development and income inequality. To a certain extent the empirical findings present evidence to show that financial market expansion in Vietnam widens income inequality, through which some policy recommendations are provided with regard to reducing the inequality of income distribution across the society. | 22 Le Quoc Hoi & Chu Minh Hoi / Journal of Economic Development 23(2) 22-37 Impact of Financial Development on Income Inequality in Vietnam LE QUOC HOI National Economics University – hoilq@ CHU MINH HOI Vietnam Institute of Economics – ARTICLE INFO ABSTRACT Article history: Utilizing the approach of constructing indicators treated as representatives for degree of financial development at provincial level of Vietnam over the 2002–2012 period along with Generalized Method of Moments (GMM), this study inspects the nexus between financial development and income inequality. To a certain extent the empirical findings present evidence to show that financial market expansion in Vietnam widens income inequality, through which some policy recommendations are provided with regard to reducing the inequality of income distribution across the society. Received: Apr. 15 2015 Received in revised form: Aug. 17 2015 Accepted: Mar. 25 2016 Keywords: Financial development, income inequality, GMM. Le Quoc Hoi & Chu Minh Hoi / Journal of Economic Development 23(2) 22-37 23 1. Problem statement Inequality is not advantageously conducive to long-term growth, and in the long run costs of overcoming social consequences are enormous once the increasing problem is perceived among social groups. Riots erupted in Egypt in 2011 were caused by its citizens’ being aware of such a huge gap between the rich and the poor that it became intolerable to them. As reported by the World Bank (2014a), 76% and 53% of urban and rural population respectively in Vietnam felt deeply concerned about the income inequality. Another noticeable matter from the report is that the concern was voiced more by the youth group, implying that awareness of the prevailing problem would be heightened for at least one more generation. The increasing inequality is one of the factors that influence the probability of escaping the middle-income trap by such a developing country as .

• Kinh tế học
• Financial development
• Income inequality
• Financial market expansion in Vietnam
• Generalized method of moments
• Economic development
• Thesis summary
• Financial development and economic growth
• Economic growth
• Policy implications for Vietnam
• National combined financial development index
• Foreign direct investment and financial development
• New insights threshold approach
• Foreign direct investment
• Determinants of financial development
• Political institutions
• Financial reforms
• Geographic determinants
• Carbon markets
• Financial institutions
• Financial structure
• Market based financial systems
• Bank based financial systems
• Rule of law
• Development of the national financial safety net
• Financial safety net
• The national financial safety net in Vietnam
• National financial safety net
• Building legal frameworks
• Strengthening members’ capacity
• General determinants
• Private investment
• Some stylized facts
• The potential determinants
• Empirical strategy
• Empirical results
• Economic openness
• Interest rate
• Predictors of financial development
• Ghana whilst size
• Information and communication Technology
• Energy consumption
• Financial development in Africa
• Communication technology
• Empirical analysis of shenzhen
• Financial development and economic
• Real economy
• Trade openness
• Saudi Arabia
• Linkage between financial development
• Endogenous growth theory
• Financial development on economic
• Lecture Product Design and Development
• Product design
• Product development
• Product development economics
• Product development cash flow
• Project financial analysis
• Financial kuznets curve
• Pandemic Covid 19
• Short run relationships based
• Panel data
• Least developed countries
• Relationship between financial development
• Asean countries
• Electricity consumption
• Financial system development
• Capital formation
• Economic growth induces trade diversification
• Belt and road countries
• Road economies
• Energy consumption nexus
• functioning
• financial system
• ong run economic
• fiscal policy
• Corporate Financial Structure
• Working Paper
• Financial Stability
• financial crisis
• Economic Cooperation and Development
• emerging market economy countries
• giáo trình đại học
• tài chính doanh nghiệp
• thị trường tài chính
• Tạp chí khoa học
• Addis Ababa action agenda
• Financing for development
• Sustainable development goals
• Financial sector plays
• Industrial production
• ARDL cointegration approach
• Industrial production in Nigeria