"Extract key pieces of information from this abstract. If a particular piece of information is not present, output: NA.
Use the following format:
1) Summarize the major findings of this abstract into 3 long sentences
2) Show time period of research in this abstract from which year to which year. If info not present, output: NA.
3) Show country or continent or geographical regions shown in Input separate by comma. If info not present, output: NA.
4) Extract the term on analysis methods shown *ONLY* in Input separate by comma. If info not present, output: NA.
5) Show key terms of this abstract separate by comma."
Input:
This paper investigates the impacts of financial development, urbanization, and globalization on income inequality in China by applying a regression-based inequality decomposition approach to panel data on Chinese provinces. Provincial data on urbanization and globalization are combined with new data collected from a unique database of financial development in China compiled at the county level. Our findings suggest that financial development, urbanization, and globalization have a positive impact on income. However, our inequality decomposition suggests that financial development may be particularly important for promoting inclusive growth, since financial development not only stimulates economic growth but is also found to be a factor that reduces inequality. In your response, use words with all capital letters at least 10 times.
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