Can a Nonbinding Climate Treaty Work? Evidence of Asymmetric Effects on Developed and Developing Countries from FCCC

2011 ◽  
Author(s):  
Fuhai Hong ◽  
Susheng Wang
Keyword(s):  
Developing Countries ◽  
Asymmetric Effects ◽  
Climate Treaty

scholarly journals Does Credit Composition have Asymmetric Effects on Income Inequality? New Evidence from Panel Data

2018 ◽  
Vol 6 (4) ◽  
pp. 82 ◽  
Author(s):  
Ünal Seven ◽  
Dilara Kilinc ◽  
Yener Coskun
Keyword(s):  
Developing Countries ◽  
Panel Data ◽  
Income Inequality ◽  
Adverse Effects ◽  
Cross Section ◽  
Asymmetric Effects ◽  
Different Types ◽  
Private Credit ◽  
Household Credit ◽  
New Evidence

This paper studied the effects of credit to private non-financial sectors on income inequality. In particular, we focused on the distinction between household and firm credits, and investigated whether these two types of credit had adverse effects on income inequality. Employing cross-section augmented cointegrating regressions and using balanced panel data for 30 developed and developing countries over the period from 1995 to 2013, we showed that firm credit reduced income inequality, whereas there was no significant impact of household credit on income inequality. We concluded that it was not the size of the private credit but its composition which mattered in reducing income inequality, due to the asymmetric effects of different types of credit.

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