Capital account liberalization and inequality
"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...
| Main Authors: | , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Washington, DC
2015
IMF |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19107809124919250819-Capital-account-liberalization.htm |
| _version_ | 1771659895280500739 |
|---|---|
| author | Furceri, Davide Loungani, Prakash |
| author_facet | Furceri, Davide Loungani, Prakash |
| collection | Library items |
| description | "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." |
| format | TEXT |
| id | 19107809124919250819_eb0ed5b6ea484c4bb66ca793a73e6ce3 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19107809124919250819_eb0ed5b6ea484c4bb66ca793a73e6ce3 |
| is_hierarchy_title | Capital account liberalization and inequality |
| language | English |
| physical | 26 p. Digital |
| publishDate | 2015 |
| publisher | Washington, DC IMF |
| spellingShingle | Furceri, Davide Loungani, Prakash economic recession globalization social inequality capital Capital account liberalization and inequality |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=107300292558 |
| title | Capital account liberalization and inequality |
| topic | economic recession globalization social inequality capital |
| url | https://www.labourline.org/KENTIKA-19107809124919250819-Capital-account-liberalization.htm |