English, Article, Journal or magazine article edition: FINANCE AND INEQUALITY: THE CASE OF INDIA James Ang

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Bookmark: http://trove.nla.gov.au/version/16444
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • FINANCE AND INEQUALITY: THE CASE OF INDIA
Author
  • James Ang
Physical Description
  • preprint
Notes
  • RePEc:msh:moswps:2008-08
  • Although theory emphasizes the role of financial market frictions in explaining income inequality, there is little empirical research exploring how financial development and financial sector reforms influence the evolution of income inequality. This paper examines how finance impacts on income inequality in India using annual time series data for over half a century. The results indicate that while financial development helps reduce income inequality, financial liberalization seems to have exacerbated income inequality in India. Our results are robust to the use of different measures for financial development and financial liberalization.
  • Financial development; financial liberalization, income inequality; India.
  • RePEc:mos:moswps:2008-08
Language
  • English
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