Serafim, Jelson2021-05-302021-05-302021-05Serafim, Jelson (2021). "Financial deepening, stock market, inequality and poverty : some african evidence". Instituto Superior de Economia e Gestão – REM Working paper nº 0177 – 20212184-108Xhttp://hdl.handle.net/10400.5/21381This study provides evidence for the relationship between private credit, stock market indicators, income inequality, and poverty. Using the annual data that ranges from 1992 to 2018 on 9 African economies. We had applied the estimation method of the Autoregressive Distributed Lag Model (ARDL) to model the long-run effect. Besides, we use Dumitrescu and Hurlin Panel causality to test for checking the direction of causality. The results of long‐run estimates indicate that the stock market indicators have a significant positive impact on income inequalities, but have a negative and significant impact on poverty. Further, our findings show that private credit adversely reduces income inequalities. Our results also establish significant short‐run causalities among stock market indicators, private credit, income inequalities, and Poverty.engPrivate CreditStock marketincome inequalitypovertyworking paper