The social fragility of financial development. A regional panel analysis of the financial development and inequality nexus on prior middle-income countries
This paper investigates the impact of financial development as a bi-dimensional concept on inequality in a regional comparison of Asian as well as Latin American countries. The policy has previously been explicitly proposed for middle-income economies to boost growth and overall prosperity. While allowing for nonlinearities, this paper exploits both static, fixed effects as well as dynamic GMM est