Stock Market and Inequality Distributions – Evidence from the BRICS and G7 Countries
Journal article
Dang, D., Wu, W. and Korkos, I. (2024). Stock Market and Inequality Distributions – Evidence from the BRICS and G7 Countries. International Review of Economics & Finance. 92, pp. 1172-1190. https://doi.org/10.1016/j.iref.2024.02.067
Authors | Dang, D., Wu, W. and Korkos, I. |
---|---|
Abstract | By examining the effects of three stock market indicators (market accessibility, efficiency, and stability) on income and wealth inequality in the BRICS and G7 countries, this study enriches lacking literature on income and wealth inequality, particularly for the BRICS countries. We apply the Autoregressive Distributed Lag–Mixed Data Sampling (ADL-MIDAS) model. We find that only enhancements in market stability reduce income inequality in the BRICS and G7 countries. Additionally, we find that while expansions of market accessibility contribute to narrowing wealth inequality, improvements in market stability widen the wealth disparity in the BRICS countries. Limited effects of the stock market indicators on wealth distribution are observed in the G7 countries. |
Keywords | Mixed data samplingIncome inequalityWealth inequalityStock marketAutoregressive distributed lagBRICSG7 |
Year | 2024 |
Journal | International Review of Economics & Finance |
Journal citation | 92, pp. 1172-1190 |
Publisher | Elsevier |
ISSN | 1873-8036 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.iref.2024.02.067 |
Web address (URL) | https://www.sciencedirect.com/science/article/pii/S1059056024001473?via%3Dihub |
Publication dates | |
23 Feb 2024 | |
Publication process dates | |
Accepted | 21 Feb 2024 |
Deposited | 26 Feb 2024 |
Accepted author manuscript |
https://openresearch.lsbu.ac.uk/item/9677q
Download files
53
total views20
total downloads1
views this month0
downloads this month