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Black market premium and income distribution

Author

Listed:
  • Mohsen Bahmani-Oskooee
  • Gour Gobinda Goswami
  • Solomon Mebratu

    (The University of Wisconsin-Milwaukee, USA
    North South University, Bangladesh
    The University of Wisconsin-Milwaukee, USA)

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.

Suggested Citation

  • Mohsen Bahmani-Oskooee & Gour Gobinda Goswami & Solomon Mebratu, 2006. "Black market premium and income distribution," Journal of Developing Areas, Tennessee State University, College of Business, vol. 39(2), pages 17-28, January-M.
    • Handle: RePEc:jda:journl:vol.39:year:2006:issue2:pp:17-28
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    Citations

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    Cited by:

    1. Julio César Alonso Cifuentes & Ángela María González Terán,, 2017. "Evaluación de la Hipótesis de Kuznets para Colombia con una aproximación de series de tiempo: 1977-2005," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 36(63), pages 43-62, January.
    2. Mohsen Bahmani-Oskooee & Ruixin Zhang, 2015. "On the impact of financial development on income distribution: time-series evidence," Applied Economics, Taylor & Francis Journals, vol. 47(12), pages 1248-1271, March.
    3. Jalil, Mohammad Muaz, 2009. "Re-examining Kuznets Hypothesis: Does Data Matter?," MPRA Paper 72557, University Library of Munich, Germany.
    4. Edward Nissan & Farhang Niroomand, 2015. "Gender and Spatial Educational Attainment Gaps in Turkey," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(1), pages 102-109, January.
    5. Bahmani-Oskooee, Mohsen & Motavallizadeh-Ardakani, Amid, 2017. "On the value of the dollar and income inequality: Asymmetric evidence from state level data in the U.S," The Journal of Economic Asymmetries, Elsevier, vol. 16(C), pages 64-78.

    More about this item

    Keywords

    income inequality; black market premium; cross-sectional data;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange

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