Thank you for your question Dr. Amiril Azizah, We use the data from the World Bank
which already classify countries based on their income level. 15 selected countries
are from lower and upper middle income categories, and all of them are developing
countries.
Thank you for your question Dr. Amiril Azizah, We use the data from the World Bank
which already classify countries based on their income level. 15 selected countries
are from lower and upper middle income categories, and all of them are developing
countries.
Characteristic differences between countries are caught only in the element of the
constant. If we want to capture the difference in the impact of Financial Development
on Income Inequality between countries, is there any suggestion for further
research?
Replies:
Thank you for your question Mr. William, as I stated in the introduction, the
background of conducting a research in this particular theme was the increasing role
of financial technology in a country^s economy. A number of previous studies has
shown that technology development positively affecting developing countries^ GDP.
This study explored the potential impact of financial development to inequality in
selected MICs.
