Economics at your fingertips  

Black market premium and income distribution

Mohsen Bahmani-Oskooee (), Gour Goswami () and Solomon Mebratu
Additional contact information
Solomon Mebratu: The University of Wisconsin-Milwaukee, USA

Journal of Developing Areas, 2006, vol. 39, issue 2, 17-28

Abstract: The literature on income inequality includes many studies that have tried to identify factors such as level of economic development, rate of economic growth, population growth, resource endowment, price instability, and openness as main determinant of income inequality. In this paper, we show empirically that income inequality is higher in countries that have black market for foreign exchange. One major policy implication of our finding is that exchange rate unification should reduce income inequality.

Keywords: income inequality; black market premium; cross-sectional data (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link) ... bahmani-oskooee.html

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Journal of Developing Areas from Tennessee State University, College of Business Contact information at EDIRC.
Bibliographic data for series maintained by Abu N.M. Wahid ().

Page updated 2019-06-13
Handle: RePEc:jda:journl:vol.39:year:2006:issue2:pp:17-28