The Role of Institutions in the Finance-Inequality Nexus in Sub-Saharan Africa
| dc.creator | Adeleye, Bosede Ngozi, Osabuohien, E. S. C., Bowale, Ebenezer I.K | |
| dc.date | 2017 | |
| dc.date.accessioned | 2025-04-04T17:25:56Z | |
| dc.description | This study contributes to the literature on income inequality by providing evidence that financial development not only impacts income distribution, but the effects can improve when there is a strong institutional framework. Using the system-generalised method of moments (sys-GMM) technique on a sample of 42 Sub-Saharan African (SSA) countries from 1996 to 2015, our major findings are summarised as follows: (1) inequality is persistent in the region (2) financial development does not significantly reduce income inequality; and (3) the control of corruption and its interaction with domestic credit exhibit an inverted-U relation with income inequality. Thus, policies that will reduce income inequality require that corruption be controlled given increase in domestic credit. | |
| dc.format | application/pdf | |
| dc.identifier | http://eprints.covenantuniversity.edu.ng/14065/ | |
| dc.identifier.uri | https://repository.covenantuniversity.edu.ng/handle/123456789/44034 | |
| dc.language | en | |
| dc.subject | H Social Sciences (General), HB Economic Theory | |
| dc.title | The Role of Institutions in the Finance-Inequality Nexus in Sub-Saharan Africa | |
| dc.type | Article |
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