Artikel
Does Capital Account Liberalization Affect Income Inequality?
By adopting an identification strategy of difference-in-difference estimation combined with propensity score matching between liberalized and closed countries, this paper provides robust evidence that opening the capital account is associated with an increase in income inequality in developing countries. Specifically, capital account liberalization, in the long run, is associated with a reduction in the income share of the poorest half by 2.66–3.79% points and an increase in that of the richest 10% by 5.19–8.76% points. Moreover, directions and categories of capital account liberalization matter. The relationship is more pronounced when liberalizing inward and equity capital flows.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Oxford Bulletin of Economics and Statistics ; ISSN: 1468-0084 ; Volume: 83 ; Year: 2021 ; Issue: 2 ; Pages: 377-410 ; Hoboken, NJ: Wiley
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Li, Xiang
Su, Dan
- Event
-
Veröffentlichung
- (who)
-
Wiley
- (where)
-
Hoboken, NJ
- (when)
-
2021
- DOI
-
doi:10.1111/obes.12405
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Li, Xiang
- Su, Dan
- Wiley
Time of origin
- 2021
Other Objects (12)
Capital account liberalisation does worsen income inequality
How does economic policy uncertainty affect corporate debt maturity?
Dilemma and global financial cycle: Evidence from capital account liberalisation episodes
Constraint driven schema merging
How does economic policy uncertainty affect corporate debt maturity?
Shu zi dong hua ji shu ying yong yan jiu : = Research on the application of digital animation technology
The role of state-owned banks in crises: Evidence from German banks during COVID-19
Zwischenschichten zur Entwicklung haftfester CVD-Diamantbeschichtungen auf Stahl
QoS prediction using EMD-BiLSTM for II-IoT-secure communication systems
Constraint driven schema merging
Stein–Weiss type inequality on the upper half space and its applications
Nainai erzählt ... : chinesische Märchen = Nai nai jiang gu shi
Capital account liberalisation does worsen income inequality
How does economic policy uncertainty affect corporate debt maturity?
Dilemma and global financial cycle: Evidence from capital account liberalisation episodes
Constraint driven schema merging
How does economic policy uncertainty affect corporate debt maturity?
Shu zi dong hua ji shu ying yong yan jiu : = Research on the application of digital animation technology
The role of state-owned banks in crises: Evidence from German banks during COVID-19
Zwischenschichten zur Entwicklung haftfester CVD-Diamantbeschichtungen auf Stahl
QoS prediction using EMD-BiLSTM for II-IoT-secure communication systems
Constraint driven schema merging
Stein–Weiss type inequality on the upper half space and its applications
Nainai erzählt ... : chinesische Märchen = Nai nai jiang gu shi
Capital account liberalisation does worsen income inequality
How does economic policy uncertainty affect corporate debt maturity?
Dilemma and global financial cycle: Evidence from capital account liberalisation episodes
Constraint driven schema merging
How does economic policy uncertainty affect corporate debt maturity?
Shu zi dong hua ji shu ying yong yan jiu : = Research on the application of digital animation technology
The role of state-owned banks in crises: Evidence from German banks during COVID-19
Zwischenschichten zur Entwicklung haftfester CVD-Diamantbeschichtungen auf Stahl
QoS prediction using EMD-BiLSTM for II-IoT-secure communication systems
Constraint driven schema merging
Stein–Weiss type inequality on the upper half space and its applications