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.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
14496.
Find related papers by JEL classification: O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
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Mookherjee, Dilip & Ray, Debraj, 2002.
"Persistent Inequality,"
Discussion Paper
57, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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