Financial Development, Government Efficiency and Income Inequality in WAEMU Countries
(Pages 332-339)Kouame Kouakou Romaric1,* and Kadjo Assande Pierre2
1Department of Economics and Management, Jean Lorougnon Guédé University, Daloa - Côte d'Ivoire.
2Department of Economics and Management, Alassane Ouattara University, Bouaké - Côte d'Ivoire.
DOI: https://doi.org/10.55365/1923.x2024.22.35
Abstract:
Income inequalities have been increasing throughout the world for decades, and the WAEMU countries are no exception. Inequalities are improving from one country to another, and are increasing within these countries. Reducing income inequality is in line with the Sustainable Development Goals (SDGs). This study analyses the effects of government efficiency on the relationship between financial development and income inequality in the eight WAEMU countries over the period 1996-2023. The use of the generalised quantiles method on panel data shows that financial development through government efficiency can contribute to a reduction in inequality within WAEMU countries, while guaranteeing inclusive and sustainable growth. The study suggests that improving institutional quality, economic development and inflation control can reduce income inequality within WAEMU countries.
Keywords:
Financial development, Government effectiveness, Income inequalities, Generalized quantile regression, WAEMU.
JEL Classification:
C33; D02; D31; G20.
How to Cite:
Kouame Kouakou Romaric and Kadjo Assande Pierre. Financial Development, Government Efficiency and Income Inequality in WAEMU Countries. [ref]: vol.22.2024. available at: https://refpress.org/ref-vol22-a35/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.