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Economic growth, financial development, and income inequality
Park, Donghyun; Shin, Kwanho - 2015
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
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Economic growth, financial development, and income inequality
Park, Donghyun; Shin, Kwanho - In: Emerging markets finance & trade : a journal of the … 53 (2017) 10/11/12, pp. 2794-2825
Persistent link: https://www.econbiz.de/10011833393
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Financial development, financial openness, and economic growth
Estrada, Gemma; Park, Donghyun; Ramayandi, Arief - 2015
A sound and efficient financial system is an indispensable ingredient of economic growth. It consists primarily of … economic growth and augment the economy's productive capacity. This paper explains the importance of financial development and … openness. It sifts through the literature on the relationship between both variables and economic growth. It then reports the …
Persistent link: https://www.econbiz.de/10011305264
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Economic Growth, Financial Development, and Income Inequality
Park, Donghyun - 2015
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10013009688
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Capital Market Openness and Output Volatility
Hwang, Kwang‐Myoung; Park, Donghyun; Shin, Kwanho - 2015
At a conceptual level, opening of capital markets entails a number of benefits and costs. One major cost of financial openness is output volatility. In this paper, using data from 21 advanced and 81 developing countries during 1971-2010, we empirically examine the impact of capital market...
Persistent link: https://www.econbiz.de/10014137125
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The financial systems of financially less developed Asian economies : key features and reform priorities
Batten, Aaron; Doung, Poullang; Enkhbold, Enerelt; … - 2015
economic growth and safeguarding financial stability. …
Persistent link: https://www.econbiz.de/10011346234
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Financial development and output growth in developing Asia and Latin America : a comparative sectoral analysis
Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - 2015
Persistent link: https://www.econbiz.de/10010495512
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Growth slowdowns redux
Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - In: Japan and the world economy : international journal of … 32 (2014), pp. 65-84
Persistent link: https://www.econbiz.de/10011286650
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Trajectories to high income : comparing the growth dynamics in China, Korea, and Japan with cointegrated VAR models
Murach, Michael; Wagner, Helmut; Kim, Jungsuk; Park, … - 2020
We analyze and compare the patterns of economic growth and development in China, Korea, and Japan in the post … (changes in) total factor productivity (TFP) growth. We observe a striking similarity between the Korean and the Chinese …
Persistent link: https://www.econbiz.de/10012206280
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Growth slowdowns redux : new evidence on the middle-income trap
Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - 2013
Persistent link: https://www.econbiz.de/10009710697