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Financialization, digital technology and income inequality

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  • Siti Nurazira Mohd Daud
  • Abd Halim Ahmad
  • Wan Azman Saini Wan Ngah

Abstract

This paper investigates the impact of digital technology on the relationship between financialization and income inequality of 54 countries from 2010 to 2015. The results show that financialization and digital technology widen the income inequality gap. Therefore, policies should be centred primarily on eliminating obstacles and developing innovative products that focus on solutions to the low-income consumer problem and those who have been marginalized.

Suggested Citation

  • Siti Nurazira Mohd Daud & Abd Halim Ahmad & Wan Azman Saini Wan Ngah, 2021. "Financialization, digital technology and income inequality," Applied Economics Letters, Taylor & Francis Journals, vol. 28(16), pages 1339-1343, September.
  • Handle: RePEc:taf:apeclt:v:28:y:2021:i:16:p:1339-1343
    DOI: 10.1080/13504851.2020.1808165
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    Cited by:

    1. Wang, Zhen & Chu, Erming & Hao, Yukai, 2024. "Towards sustainable development: How does ESG performance promotes corporate green transformation," International Review of Financial Analysis, Elsevier, vol. 91(C).
    2. Ren, Xiaohang & Zeng, Gudian & Zhao, Yang, 2023. "Digital finance and corporate ESG performance: Empirical evidence from listed companies in China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    3. Xose Picatoste & Anabela Mesquita & Fernando González-Laxe, 2023. "Gender wage gap, quality of earnings and gender digital divide in the European context," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(2), pages 301-321, May.

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