Capital Account Liberalization and Inequality
Download or Read eBook Capital Account Liberalization and Inequality PDF written by Davide Furceri and published by International Monetary Fund. This book was released on 2015-11-24 with total page 26 pages. Available in PDF, EPUB and Kindle.
| Author | : Davide Furceri |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 2015-11-24 |
| ISBN-10 | : 9781513531403 |
| ISBN-13 | : 1513531409 |
| Rating | : 4/5 (03 Downloads) |
Book Synopsis Capital Account Liberalization and Inequality by : Davide Furceri
Book excerpt: 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.
