Does Inequality Lead to Credit Growth? Testing the Rajan Hypothesis Using State-Level Data

This paper uses state-level data to test the Rajan hypothesis, from his book Fault Lines, that an increase in inequality can lead to a credit boom. Using dynamic heterogeneous panel estimation methods (i.e. MG, PMG, DFE), we find a positive long-run relationship between inequality and real estate lending across U.S. states

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Year of publication:	2018
Authors:	Yamarik, Steven
Other Persons:	El-Shagi, Makram (contributor) ; Yamashiro, Guy (contributor)
Publisher:	[2018]: [S.l.] : SSRN
Subject:	Einkommensverteilung \| Income distribution \| Schätzung \| Estimation \| Welt \| World
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, vol. 148(C), pages 63-67 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 2018 erstellt Volltext nicht verfügbar
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H71 - State and Local Taxation, Subsidies, and Revenue ; R11 - Regional Economic Activity: Growth, Development, and Changes
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012912933