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- W1509292105 abstract "Using panel data from 39 countries, this paper examines the effects of financial deepening and openness to trade and foreign capital (FDI) on rural-urban inequality in Africa. Four estimations were performed: OLS pooled cross-section, GLS pooled cross-section, fixed effects model and an adjusted fixed effects specification with regional dummy terms. We construct an alternative measure of rural-urban inequality, namely the ratio of growth in agricultural output to growth of manufacturing output. Overall, the econometric results show that openness to trade seems to help reduce rural-urban inequality. However, the empirical evidence does not unambiguously delineate the nature and significance of the impact FDI and financial deepening have on the rural-urban gap. The findings imply that there may be some support for the so-called offsetting-trend in inequality (OTI) hypothesis." @default.
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- W1509292105 date "2005-07-01" @default.
- W1509292105 modified "2023-10-17" @default.
- W1509292105 title "Rural-Urban Inequality in Africa: A Panel Study of the Effects of Trade Liberalization and Financial Deepening" @default.
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- W1509292105 doi "https://doi.org/10.5325/jafrideve.7.1.0001" @default.
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