Financial Liberalization and Income Inequality

Ang, James (2009): Financial Liberalization and Income Inequality.

Abstract

This paper examines the causal relationship between financial liberalization and income inequality using India as a case study. The results indicate that there exists a robust long-run relationship between financial liberalization and income inequality, and their causal relationship is a bi-directional one.

• Item Type: MPRA Paper
• Language: English
• Keywords: Financial liberalization, income inequality
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance; G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation

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