| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17279 |
| DP17279 Financial openness and inequality | |
| Stefan Avdjiev; Tsvetana Spasova | |
| 发表日期 | 2022-05-05 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We conduct a comprehensive empirical investigation of the link between inequality and financial openness. We document that the relationship varies considerably not only over time, but also across the main components of total external liabilities, which have been largely overlooked by the existing literature. In emerging market economies (EMEs), an increase in a country's external liabilities is associated with an initial rise and a subsequent fall in inequality. This appears to be driven by the fact that the channels through which financial openness increases inequality tend to be active immediately, while the inequality-decreasing channels tend to operate with a lag. The link between financial openness and inequality tends to be substantially weaker in advanced economies than in EMEs. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Financial openness Gini-based inequality measures Foreign direct investments External liabilities |
| URL | https://cepr.org/publications/dp17279 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546299 |
| 推荐引用方式 GB/T 7714 | Stefan Avdjiev,Tsvetana Spasova. DP17279 Financial openness and inequality. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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