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Nexus between financial development and income inequality before pandemic covid-19: Does financial kuznets curve exist in malaysia, indonesia, thailand and philippines?

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dc.citedby4
dc.contributor.authorRidzuan A.R.en_US
dc.contributor.authorZakaria S.en_US
dc.contributor.authorFianto B.A.en_US
dc.contributor.authorYusoff N.Y.M.en_US
dc.contributor.authorSulaiman N.F.C.en_US
dc.contributor.authorRazak M.I.M.en_US
dc.contributor.authorSiswantinien_US
dc.contributor.authorLestari A.en_US
dc.contributor.authorid57201919567en_US
dc.contributor.authorid57191246918en_US
dc.contributor.authorid57195944492en_US
dc.contributor.authorid55812094300en_US
dc.contributor.authorid57202781532en_US
dc.contributor.authorid56082168700en_US
dc.contributor.authorid57215217160en_US
dc.contributor.authorid57219574864en_US
dc.date.accessioned2023-05-29T09:12:25Z
dc.date.available2023-05-29T09:12:25Z
dc.date.issued2021
dc.description.abstractThis study offers new insights for policymakers to reduce income inequality, thus ensuring economic growth which greatly benefits the poor segment of population and directing financial sector to provide easy access to financial resources for lower income group at cheaper cost. Bound test was applied to examine the long-run and short-run relationships based on the sample period beginning from 1970 until 2016. The results confirmed the existence of a long-run relationship between the variables. Financial development in Malaysia, Indonesia and Thailand had successfully reduced income inequality, however, a different effect was recorded in the Philippines where income distribution was worsened. Furthermore, economic growth brought positive effect to income distribution in Malaysia and Indonesia, but not for Thailand and the Philippines. Inflation, trade openness and foreign direct investment, provided mixed results for all countries. Among the policies recommendation for this paper are there should be more easy accessibility for entrepreneurs to reach the wide range of financial services including conventional and Islamic financial products, the expansion of capital market, as well as giving proper attention to the financial sector. Besides, granting the access to capital markets for low income groups or underprivileged individuals might be helpful to them either by developing entrepreneurial skill or involvement in productive activities and receive better salaries. This policy will give insight to the policymakers to strengthen their financial institutions, especially during the pandemic of Covid-19 . � 2021, Econjournals. All rights reserved.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.32479/ijeep.10616
dc.identifier.epage271
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85100343722
dc.identifier.spage260
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85100343722&doi=10.32479%2fijeep.10616&partnerID=40&md5=551b836a86bf70fc53603e520501acde
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/26592
dc.identifier.volume11
dc.publisherEconjournalsen_US
dc.relation.ispartofAll Open Access, Gold, Green
dc.sourceScopus
dc.sourcetitleInternational Journal of Energy Economics and Policy
dc.titleNexus between financial development and income inequality before pandemic covid-19: Does financial kuznets curve exist in malaysia, indonesia, thailand and philippines?en_US
dc.typeArticleen_US
dspace.entity.typePublication
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