Financial Development and Inequality: A Critique of Theoretical Foundations of Published Texts in Iran

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Noferesti Abolfazl

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Journal Paper

Paper Information

Journal: JOURNAL OF CRITICAL LITERATURE AND HUMANITIES Year:2018 | Volume:18 | Issue:9 (61) Page(s): 293-318

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Title

Financial Development and Inequality: A Critique of Theoretical Foundations of Published Texts in Iran

Author(s)

Noferesti Abolfazl | Issue Writer Certificate

Keywords

Financial DevelopmentQ1

Banking SystemQ3

Human CapitalQ1

InequalityQ3

Distribution of IncomeQ2

Abstract

The relationship between Financial Development and Inequality is one of the topics that has been studied in many theoretical and empirical studies, but there is still no consensus among economic theorists on this. In Iran, a lot of studies have been done on the relationship between Financial Development and Inequality. These studies are mainly based on the Greenwood and Jovanovic’ s nonlinear hypothesis or the Banerjee and Newman’ s negative linear hypothesis. And researchers, depending on the number of observations, the type of observation, and the functional form they used, have obtained different results in verifying one of these hypotheses. Since the late 1990s, theoretical literature on Financial Development and Inequality has undergone a major transformation, and economic theorists have introduced new channels for the impact of Financial Development on Inequality, which is mainly not considered in the studies carried out in Iran. In this article, firstly, the theoretical foundations of the studies conducted in Iran are criticized, and then some of the most important new approaches presented regarding the relationship between Financial Development and Inequality are explained briefly.

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APA: Copy

Noferesti, Abolfazl. (2018). Financial Development and Inequality: A Critique of Theoretical Foundations of Published Texts in Iran. JOURNAL OF CRITICAL LITERATURE AND HUMANITIES, 18(9 (61)), 293-318. SID. https://sid.ir/paper/235192/en

Vancouver: Copy

Noferesti Abolfazl. Financial Development and Inequality: A Critique of Theoretical Foundations of Published Texts in Iran. JOURNAL OF CRITICAL LITERATURE AND HUMANITIES[Internet]. 2018;18(9 (61)):293-318. Available from: https://sid.ir/paper/235192/en

IEEE: Copy

Abolfazl Noferesti, “Financial Development and Inequality: A Critique of Theoretical Foundations of Published Texts in Iran,” JOURNAL OF CRITICAL LITERATURE AND HUMANITIES, vol. 18, no. 9 (61), pp. 293–318, 2018, [Online]. Available: https://sid.ir/paper/235192/en

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