An Empirical Analysis of Financial Development and Urban Rural Income Gap—Take a Sample of Hunan Province
Available Online April 2016.
- https://doi.org/10.2991/emim-16.2016.256How to use a DOI?
- Financial development; The income gap between urban and rural areas; Vector auto-regressive model; Co-integration test
- As the core of economic resource allocation, finance has important implications for economic development and the income gap between urban and rural areas. Based on the perspective of financial development, using vector auto-regressive model, Co-integration test, and impulse response function, we have made an empirical study on relationship between financial development and urban-rural income gap in human province from 1978 to 2011. The result shows that there is a long-term equilibrium relationship between financial development scale and efficiency of financial development on the income gap between urban and rural areas of Hunan province. The results of pulse showed that: the scale of the financial development has been a negative response to the income gap between urban and rural, the efficiency of financial development has been a positive response to the income gap.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Yilin Chen PY - 2016/04 DA - 2016/04 TI - An Empirical Analysis of Financial Development and Urban Rural Income Gap—Take a Sample of Hunan Province BT - 6th International Conference on Electronic, Mechanical, Information and Management Society PB - Atlantis Press SN - 2352-538X UR - https://doi.org/10.2991/emim-16.2016.256 DO - https://doi.org/10.2991/emim-16.2016.256 ID - Chen2016/04 ER -