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Capital Account Liberalization and Inequality / Davide Furceri, Prakash Loungani.
- Format:
- Book
- Government document
- Author/Creator:
- Furceri, Davide.
- Series:
- IMF Working Papers; Working Paper ; No. 2015/243
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Capital movements--Econometric models.
- Capital movements.
- Capital movements--Government policy.
- Equality--Econometric models.
- Equality.
- Physical Description:
- 1 online resource (27 pages) : illustrations, tables.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2015.
- Summary:
- 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.
- Notes:
- Includes bibliographical references.
- Description based on online resource; title from PDF title page (ebrary, viewed June 21, 2016).
- ISBN:
- 9781513531403
- 1513531409
- 9781513568898
- 1513568892
- 9781513546735
- 1513546732
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