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...

Description complète

Détails bibliographiques
Auteur principal: Furceri, Davide
Autres auteurs: Loungani, Prakash
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2015.
Collection:IMF Working Papers; Working Paper ; No. 2015/243
Accès en ligne:Full text available on IMF