金融改革对收入不平等的影响研究——理论解释与实证分析
The Impact of Financial Reform on Income Inequality--Theoretical and Empirical Analysis

采集55个新兴市场国家的非平衡面板数据，使用动态门限面板模型实证结果表明，金融改革与收入不平等间存在明显的门限效应，当金融改革水平低于门限值时，金融改革会扩大收入差距；当金融改革水平越过门限值时，金融改革有利于收入差距的缩小。多数新兴市场国家金融改革对降低收入不平等已经发挥正向效应，为缩小新兴市场国家收入差距，必须进一步深化金融改革。
Based on the dynamic threshold panel data model and 55 countries data, the empirical results show that there is a significant threshold effect between income inequality and financial reform. When the financial reform level is lower than the threshold value, financial reform will enlarge the income gap; when the financial reform level over the threshold value, financial reform will narrow the income gap. In most emerging markets, financial reform has played a positive effect on reducing the income inequality. Emerging market countries must further deepen financial reform.