DOES FINANCIAL SECTOR DEVELOPMENT INCREASE INCOME INEQUALITY? SOME ECONOMETRIC EVIDENCE FROM BANGLADESH Abu N.M. Wahid Tennessee State University Muhammad Shahbaz COMSATS Institute of Information Technology, Lahore, Pakistan Mehmood Shah University of Management and Technology, Lahore, Pakistan Mohammad Salahuddin Southeast University Banani, Dhaka, Bangladesh ABSTRACT This paper is an attempt to examine the relationship between financial development and income inequality. In doing
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GLOBALIZATION Firm Internationalization and Capital Structure in Developing Countries: The Role of Financial Development Halit Gonenc and Daniel J. de Haan As the trend in globalization continues, developing market economies are moving to the forefront of the world market, diminishing the dominance of developed countries. Their rapid expansion is often underpinned by strong domestic firm performance. The resources and funds required to fuel the sustained future growth of these firms as
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DEPARTMENT OF FINANCE COURSE TITLE Public finance COURSE CODE: 3105 COURSE TITLE Public finance COURSE CODE: 3105 AN ASSIGNMENT ON EFFECTS OF PUBLIC EXPENDITURES ON THE DISTRIBUTION OF INCOME AN ASSIGNMENT ON EFFECTS OF PUBLIC EXPENDITURES ON THE DISTRIBUTION OF INCOME SUBMITTED TO: Ayesha Akhter Lecturer DEPARTMENT OF FINANCE FACULTY OF BUSINESS STUDIES JAGANNATH UNIVERSITY Ayesha Akhter Lecturer DEPARTMENT OF FINANCE FACULTY OF BUSINESS STUDIES JAGANNATH
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backdrop of her inequality trends and macroeconomic policy evolution. It is argued that the country’s fiscal policy stance has been adversely impacted by her monetary and financial sector policies under an open capital account, with attendant regressive distributional implications. Juxtaposing the analysis of revenue mobilisation trends and taxation policies with the evidence of increasing asset and land concentration and persisting high inequalities reveals that the increase in income tax revenue did
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There are colleges that focus on career development. According to Fortino (2015), the university mission is “to create more prepared minds” to contribute to society by creating jobs and innovative opportunities that will improve economies. Fortino (2015) mentioned that the former President of Harvard University, Dr. Derek Bok, discussed the dangers of commercializing higher education when colleges and universities turn their attention to commercial development of their inventions. This apparently
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Poverty Rises, Inequality Gap Widens Wealth of 40 richest Indonesians equivalent to 60 million people’s Key Points: • Poverty rate rises over the last three years, Indonesia is the worst country in Southeast Asia in combating poverty • Inequality gap widens, wealth and economic resources are concentrated in a small number of people only • Social and economic justice must be included as development target to prevent social explosion and maintain the sustainability of the development process Managing
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Micro-Macro Linkages Between Gender, Development, and Growth: Implications for the Caribbean Region Stephanie Seguino Professor, Department of Economics Old Mill 340 University of Vermont Burlington, VT 05401 Tel. 1 802 656-0187 Fax 1 802 656-8405 Email sseguino@zoo.uvm.edu July 2008 Acknowledgements: I am grateful for helpful comments and insights from Rhoda Reddock, Christine Barrow, Caren Grown, three anonymous referees, and participants at the Building Capacity for Gender Analysis
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RORSCHACH TEST: INTERNATIONAL ECONOMIC INTEGRATION, INEQUALITY AND THE ROLE OF GOVERNMENT NANCY BRUNE and GEOFFREY GARRETT* November 2004 Forthcoming in Annual Review of Political Science vol. 8, 2005 In this review essay, we address the three principal questions that have dominated the debate over the distributive effects of globalization. First, how has globalization affected inequality among countries? Second, how has globalization affected inequality within countries? Third, how has globalization
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of emerging countries fully justify the prediction of neo-classical model of financial market globalization? Why or why not? Financial Globalization stems from the idea of Neoclassical Economics where efficient allocations of resources will bring prosperity to nations through globalization. Financial globalization is an aggregate concept that refers to increasing global linkages created through cross- border financial flows. The theory predicts the capital will flow from the more to less developed
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Truth about the Income Disparity Recently, President Barack Obama announced his plan to rein in the compensation of executives and raise tax rates on capital gains. This has again brought the topic of America’s widening income gap to the front page. While it is true that the wealth of America has long been dominated by a small number of people, most Americans do not see it as economic inequality or an obstacle to the development of the economy, which can be explained from two aspects—culture
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