English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Finance is one important factor to promote economic development. Meanwhile, it also has a dubious effect on income inequality in accordance with the prior literatures. In order to promote economic development, most of China’s governments provide many policies to boost financial development. However, these policies should also be evaluated with its impact on the income inequality. As one important province in China, Henan also wants to have a rapid economic development with policies on financial development. Therefore, this paper uses the vector autoregressive model to detect the impact of financial development on income inequality between the urban and the rural, and the results suggest one positive impulse on financial development would cause income inequality to be increased immediately, but to be decreased after the fourth period. Thus, Henan’s policies on financial development would achieve the goal to promote economic development without the detrimental effect on income inequality.

The Impact of Finance Development on the Income Inequality Between the Urban and the Rural: Evidence From Henan Province in China