An Empirical Analysis of Financial Development and Urban Rural Income Gap—Take a Sample of Hunan Province

DOI

10.2991/emim-16.2016.256How to use a DOI?

Keywords

Financial development; The income gap between urban and rural areas; Vector auto-regressive model; Co-integration test

Abstract

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society
PB  - Atlantis Press
SP  - 1252
EP  - 1256
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-16.2016.256
DO  - 10.2991/emim-16.2016.256
ID  - Chen2016/04
ER  -