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Tập 14 Số 2 (2012)
Home » Tập 14 Số 2 (2012) » Article Detail
TẬP 14 SỐ 2 (2012) DOI: 10.33301/2012.14.02.01

Financial Development and Income Inequality in Vietnam: An Empirical Analysis

Authors: Chu Minh Hoi, Le Quoc Hoi

Abstract:

The pattern of income distribution can be influenced by financial evelopment. Using provincial data, this paper empirically investigates the relationship between financial development and income inequality in Vietnam from 2002 to 2008. The results show that financial development has a positive impact on reducing income inequality, which is consistent with the bulk of theoretical and empirical research. The results also confirms that financial development when it interacts with education has joint-effects on reducing income inequality. We also find no evidence supporting the Greenwood-Jovanovic hypothesis of an inverted U-shaped relationship between the financial sector of development and inequality.
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Other Articles in this Issue:

  • Position Change of Vietnamese Women in Macrocell Economic Policy Reform Episode: Comparative Analysis of Secondary Data

    Authors: Le Thanh Tam, Ngo Van Thu, Pham Thi Nga, Nguyen Thuy Trang

  • Corporate Governance and Performance in Vietnamese Commercial Banks

    Authors: Dao Thi Thanh Binh, Hoang Thi Huong Giang

  • Empirical Research of Disposition Effects in Vietnam’s Stock Market

    Authors: Nguyen Duc Hien, Ngo Duy, Le Vu, Nguyen Ngoc Tram

  • Institutional Influences on Decision Making: The Case of Bank Lending to Small Businesses in the U.S. and Vietnam

    Authors: Nguyen Van Thang, Le Thi Bich Ngoc, Jerman Rose

JOURNAL OF ECONOMICS AND DEVELOPMENT - NATIONAL ECONOMICS UNIVERSITY
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ISSN: 1859-0012 (Print) | e-ISSN: 2815-5602 (Online)
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