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Effects of devaluation on income distribution

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  • Mohsen Bahmani-Oskooee

Abstract

Few studies in the literature have argued that inflationary effects of devaluation redistribute income from workers to producers. By using cross-sectional data from 24 countries, this paper provides an empirical support for the theoretical arguements that indeed, devaluations have unequalizing effects on income distribution.

Suggested Citation

  • Mohsen Bahmani-Oskooee, 1997. "Effects of devaluation on income distribution," Applied Economics Letters, Taylor & Francis Journals, vol. 4(5), pages 321-323.
    • Handle: RePEc:taf:apeclt:v:4:y:1997:i:5:p:321-323
    DOI: 10.1080/758532601
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    References listed on IDEAS

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    1. Ahluwalia, Montek S., 1976. "Inequality, poverty and development," Journal of Development Economics, Elsevier, vol. 3(4), pages 307-342, December.
    2. Cline, William R., 1975. "Distribution and development : A survey of literature," Journal of Development Economics, Elsevier, vol. 1(4), pages 359-400, November.
    3. Papanek, Gustav F. & Kyn, Oldrich, 1986. "The effect on income distribution of development, the growth rate and economic strategy," Journal of Development Economics, Elsevier, vol. 23(1), pages 55-65, September.
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    Cited by:

    1. Muhammad Shahbaz & Mohammad Mafizur Rahman, 2012. "Does Nominal Devaluation Improve Income Distribution? Evidence from Bangladesh," South Asian Survey, , vol. 19(1), pages 61-77, March.
    2. Bahmani-Oskooee, Mohsen & Motavallizadeh-Ardakani, Amid, 2017. "On the value of the dollar and income inequality: Asymmetric evidence from state level data in the U.S," The Journal of Economic Asymmetries, Elsevier, vol. 16(C), pages 64-78.
    3. Goodness C. Aye & Laurence Harris, 2019. "The effect of real exchange rate volatility on income distribution in South Africa," WIDER Working Paper Series wp-2019-29, World Institute for Development Economic Research (UNU-WIDER).
    4. Mohsen Bahmani-Oskooee & Ruixin Zhang, 2015. "On the impact of financial development on income distribution: time-series evidence," Applied Economics, Taylor & Francis Journals, vol. 47(12), pages 1248-1271, March.
    5. Köhler, Karsten, 2016. "Currency devaluations, aggregate demand, and debt dynamics in an economy with foreign currency liabilities," IPE Working Papers 78/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    6. Muhammad, Shahbaz & Faridul, Islam & Muhammad Sabihuddin, Butt, 2011. "Devaluation and income inequality: Evidence from Pakistan," MPRA Paper 35522, University Library of Munich, Germany, revised 21 Dec 2011.
    7. Muhammad Shahbaz & Faridul Islam & Muhammad Sabihuddin Butt, 2013. "Devaluation and Income Inequality Nexus: Evidence from Pakistan," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 1(4), pages 48-58, April.
    8. Edward Nissan & Farhang Niroomand, 2015. "Gender and Spatial Educational Attainment Gaps in Turkey," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(1), pages 102-109, January.
    9. Bahmani-Oskooee, Mohsen & Motavallizadeh-Ardakani, Amid, 2018. "Exchange rate changes and income distribution in 41 countries: Asymmetry analysis," The Quarterly Review of Economics and Finance, Elsevier, vol. 68(C), pages 266-282.

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