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FINANCE AND INEQUALITY: THE CASE OF INDIA

James Ang ()

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: 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.

JEL-codes: G28 O16 O53 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2008-06
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Citations: View citations in EconPapers (15)

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https://cama.crawford.anu.edu.au/sites/default/fil ... 1-06/18_ang_2008.pdf (application/pdf)

Related works:
Journal Article: Finance and Inequality: The Case of India (2010) Downloads
Working Paper: FINANCE AND INEQUALITY: THE CASE OF INDIA (2008) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2008-18

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