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Capital Account Liberalization and Inequality

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by Davide Furceri & Prakash Mr. Loungani
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Capital Account Liberalization and Inequality by Davide Furceri & Prakash Mr. Loungani

This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also find that the level of financial development and the occurrence of crises play a key role in shaping the response of inequality to capital account liberalization reforms.

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Ebook Details
Pages: 26
Size: 3.8 MB
Date published:   2015
ISBN: 9781513531403 (DRM-EPUB)
9781513546735 (DRM-PDF)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

These authors have products in the following categories:

Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics
Nonfiction > Business & Economics > Labor
Nonfiction > Business & Economics > Finance
Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Business & Economics > Investments & Securities
Nonfiction > Business & Economics > Industries > Food Industry
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics

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