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    Promoting Exports or Fostering Disparity? The Effects of Exchange Rate Undervaluation on Income Inequality

    Cover for Promoting Exports or Fostering Disparity? The Effects of Exchange Rate Undervaluation on Income Inequality
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    View/Open: Chakrabarti_georgetown_0076M_12550.pdf (1.1MB) Bookview

    Creator
    Chakrabarti, Shiladitya
    Advisor
    Kern, Andreas T
    Abstract
    Income inequality finds a prominent place in contemporary political and economic debates. I demonstrate that sustained exchange rate undervaluation increases inequality, building on research linking undervaluation with growth (Rodrik, 2008). I offer evidence that sustained undervaluation increases income inequality levels using fixed effects and dynamic panel estimators with country-level data. The relationship is robust to the inclusion of controls such as the political regime type, nature of the banking system, trade, and education levels. The adverse effects of inequality due to undervalued exchange rates imply that governments pursuing undervaluation-based strategies for spurring economic growth should consider the socioeconomic effects of such policies and the potential threat to political stability posed by rising societal disparities. The existence of a relationship between these variables also offers insights about the behavior of autocratic governments that undergo a sustained period of export-driven economic growth.
    Description
    M.P.P.
    Permanent Link
    http://hdl.handle.net/10822/709870
    Date Published
    2014
    Subject
    currency undervaluation; exchange rates; income inequality; Public policy; Economics; Political Science; Public policy; Economics; Political Science;
    Type
    thesis
    Publisher
    Georgetown University
    Extent
    44 leaves
    Collections
    • Graduate Theses and Dissertations - Public Policy
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    Georgetown University Seal
    ©2009 - 2023 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility