The impact of globalization and financial development on India’s income inequality

Sethi, Pradeepta and Bhattacharjee, Sankalpa and Chakrabarti, Debkumar and Tiwari, Chhavi (2021) The impact of globalization and financial development on India’s income inequality. Journal of Policy Modeling. pp. 1-18.

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Abstract

This paper empirically examines the combined effects of globalization and financial development on income inequality in a unified framework for an emerging economy. Using annual data for the Indian economy over the period 1980–2014, we show that the perceived benefits of globalization and fnancial development have not trickled down; rather, has aggravated income inequality. Our results also indicate that while inflation aggravates income inequality, education seems to alleviate the differential effect. Proactive measures in providing access to financial services, creating equitable employment opportunities, and improving the quality of education are required to offset the negative impacts of globalization and financial development on income disparity

Item Type:	Article
Uncontrolled Keywords:	India; Income inequality; Globalization; Financial development
Subjects:	Finance
Divisions:	Finance and Strategy
Depositing User:	Mr. Muralidhara D
Date Deposited:	01 Mar 2021 10:06
Last Modified:	01 Mar 2021 10:06
URI:	http://tapmi.informaticsglobal.com/id/eprint/711

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