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Ongo Nkoa Bruno Emmanuel, Song Jacques Simon and Balla Mekongo Célestin Ghislain
''Inequalities in Africa : Does financial integration matter?''
( 2021, Vol. 41 No.3 )
This paper assesses the impact of financial integration on inequality in Africa. Two dimensions of financial integration (regional and international) and three dimensions of inequality (economic, environmental, housing) are considered. Using a sample of 26 countries, we estimate a panel data model using the System Generalized Method of Moments (S-GMM) over the period 1985-2016. Our results show that regardless of the dimension considered, financial integration increases economic, environmental and housing inequalities. The results also show that there is a threshold at which financial integration reduces inequality. Financial integration combined with high financial inclusion is necessary for the mitigation of inequality.
Keywords: Africa, Inequalities, Financial integration, OLS, S-GMM
JEL: D6 - Welfare Economics: General
F4 - Macroeconomic Aspects of International Trade and Finance: General
Manuscript Received : May 07 2021 Manuscript Accepted : Sep 17 2021

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