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Bridging Gaps or Building Walls? Empirical Insights into BigTech Credit, Fintech Credit, and Income Inequality
时 间：2025年10月143日（Tue.）
15:30 - 17:00 p.m.
地 点：同德楼204
主 讲：Makram El-Shagi (Henan University)
论文摘要
This paper examines the effect of digital credit—specifically BigTech credit and fintech credit—on income inequality across 42 countries from 2013 to 2019. We investigate both the direct impact of digital credit on inequality and the mediating role of financial inclusion. We propose a multi-equation model based on isometric log-ratio transformations of income shares, to estimate the shift in the entire Lorenz curve, while properly accounting for the often-ignored constraints inherent to the analysis of compositional data in the literature on inequality. The findings suggest that alternative digital credit generally reduces inequality by benefiting the poor and middle-income groups while reducing the top income share. Interaction results indicate that the inequality-reducing effect of BigTech and digital credit strengthens with stronger institutional quality, more financial openness, and economic development. In contrast, fintech credit intensifies inequality across institutional, openness, and development dimensions.
主讲简介
Makram El-Shagi is Professor of Economics at the School of Economics at Henan University and Director of the Centre for Financial Development and Stability at Henan University, and a research professor at the Halle Institute for Economic Research. He did his PhD and his postdoctoral degree (habilitation) at the University of Mannheim. He served twice as consultant for the European Central Bank. His research interests are monetary macroeconomics, international macroeconomics, esp. regulation of financial markets and applied econometrics.
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