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1“…"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. …”
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2“…"We take a fresh look at the aggregate and distributional effects of policies to liberalize international capital flows—financial globalization. …”
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