基地执行副主任孙宪明副教授与合作者（Shiyi Xiao, School of Finance, Zhongnan University of Economics and Law; Ganlin Wang,School of Finance, Zhongnan University of Economics and Law;Xiaohang Ren,School of Business, Central South University ）的论文“Innovation, financial permeation, and income inequality: From a dynamic perspective in China” 在重要学术期刊Journal of Management Science and Engineering在线发表。

Journal of Management Science and Engineering （《管理科学学报（英文）》）是国家自然科学基金委员会管理科学部认定的管理科学A级重要期刊，JCR影响因子6.6,所属4个学科均位于Q1区域。

摘要：Innovation is a driving force of wealth distribution. To explore its time-varying effect on income inequality, we propose a nonparametric model using the local linear dummy variable estimation (LLDVE) method. Based on a province-level panel data from China spanning from 2006 to 2020, we find that innovation initially reduces income disparity until 2009, then exacerbates it from 2013 to 2016, and alleviates inequality again over 2018–2020. We further verify that financial permeation serves as a catalyst in the inequitable income distribution driven by innovation. However, this moderating effect reverses in the relationship between green innovation and income inequality. This suggests that we should enhance the financial service towards all aspects of innovation beyond its support of green innovation.

关键词：Income inequality; Innovation; Financial permeation; Time-varying relationship; Local linear dummy variable estimation (LLDVE)

链接：https://doi.org/10.1016/j.jmse.2024.01.002

作者简介

孙宪明，理学双博士，现任数字技术与现代金融学科创新引智基地执行副主任，中南财经政法大学金融工程系副教授，硕士研究生导师。获评湖北省“楚天学子”，中南财经政法大学“文澜青年学者”，主要研究兴趣有金融工程、金融科技及其相关领域。在Journal of Economic Dynamics and Control，Journal of Futures Markets，Journal of Computational and Applied Mathematics，Computational Economics，Statistics and Probability Letters等重要学术期刊发表论文10余篇。目前主持国家自然科学基金、中央高校基本科研业务经费项目等科研项目。相关研究曾获第十六届中国金融工程学年会优秀论文奖（2017）。