Kuznets' inverted-U hypothesis implies that economic growth worsens income inequality first and improves it later at a higher stage of economic development. In addition to economic growth, other factors such as population growth, resource endowment, price instability, openness, currency...

To date, no empirical account exists that explains the entry of Black-owned Commercial Banks (BCBs). This study reports an analysis based on a cross-section of banking markets in which entry is treated as a discrete variable with a Poisson distribution. Estimation of a Poisson probability model...