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 find...

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Detalhes bibliográficos
Autor principal: Furceri, Davide
Outros Autores: Loungani, Prakash
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2015.
Colecção:IMF Working Papers; Working Paper ; No. 2015/243
Acesso em linha:Full text available on IMF