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.

Sprache
Englisch

Erschienen in
Journal: Oxford Bulletin of Economics and Statistics ; ISSN: 1468-0084 ; Volume: 83 ; Year: 2021 ; Issue: 2 ; Pages: 377-410 ; Hoboken, NJ: Wiley

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Li, Xiang
Su, Dan
Ereignis
Veröffentlichung
(wer)
Wiley
(wo)
Hoboken, NJ
(wann)
2021

DOI
doi:10.1111/obes.12405
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Li, Xiang
  • Su, Dan
  • Wiley

Entstanden

  • 2021

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