Okafor, Victoria and OLURINOLA, Isaiah Oluranti and Bowale, Ebenezer I.K and Osabohien, Romanus and Oluwatayo, Esther (2023) Financial Development-Income inequality nexus in Developing economies in post-Covid-19 Era: Evidence from Nigeria. Innovations (72).
![[img]](http://eprints.covenantuniversity.edu.ng/style/images/fileicons/application_pdf.png) |
PDF
Download (962kB) |
Abstract
Issues: To have a thriving economy post-COVID-19, relevant and viable policies need to be put in place. The incidence of COVID-19 has reduced the last 5 years efforts towards reducing global poverty and income inequality to nothing as poverty and income inequality have further widened. Income inequality is the disparity in income distribution that has further widened due to the income loss of people because of the lockdown instigated to curb the spread of the pandemic. While the lockdown affected global productivity, developing economies are more likely to be more affected because the pandemic exposed the vulnerabilities of economies due to the pre-existing developmental issues plaguing developing economies. Therefore, measures must be taken drastically to ensure that developing economies have an economy to look forward to post-COVID. Methods: This study analysed how financial development can effectively aid income inequality reduction in Africa, focusing on Nigeria. The study examined the Nigeria Baseline Household survey conducted by the World Bank during the heat of COVID-19 with the aid of descriptive statistics. Findings: findings show that financial development can drastically reduce income inequality when electronic measures are embraced.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | 1. COVID-19 2. Pandemic 3. Income Inequality 4. Income Distribution 5. Financial Development 6. Poverty Reduction 7. Financial Access. |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Patricia Nwokealisi |
| Date Deposited: | 20 Feb 2025 14:57 |
| Last Modified: | 20 Feb 2025 14:57 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/18816 |
Actions (login required)
 |
View Item |
