Do liberalization and globalization increase income inequality?
(2010) In European Journal of Political Economy 26(4). p.488-505- Abstract
- Abstract in Undetermined
Using the Standardized World Income Inequality Database, we examine if the KOF Index of Globalization and the Economic Freedom Index of the Fraser institute are related to within-country income inequality using panel data covering around 80 countries 1970–2005. Freedom to trade internationally is robustly related to inequality, also when adding several control variables and controlling for potential endogeneity using GMM. Social globalization and deregulation is also linked to inequality. Reforms towards economic freedom seem to increase inequality mainly in rich countries, and social globalization is more important in less developed countries. Monetary reforms, legal reforms and political globalization do not... (More) - Abstract in Undetermined
Using the Standardized World Income Inequality Database, we examine if the KOF Index of Globalization and the Economic Freedom Index of the Fraser institute are related to within-country income inequality using panel data covering around 80 countries 1970–2005. Freedom to trade internationally is robustly related to inequality, also when adding several control variables and controlling for potential endogeneity using GMM. Social globalization and deregulation is also linked to inequality. Reforms towards economic freedom seem to increase inequality mainly in rich countries, and social globalization is more important in less developed countries. Monetary reforms, legal reforms and political globalization do not increase inequality. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1579172
- author
- Bergh, Andreas LU and Nilsson, Therese LU
- organization
- publishing date
- 2010
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Liberalization, Economic freedom, Globalization, Income inequality, Institutions
- in
- European Journal of Political Economy
- volume
- 26
- issue
- 4
- pages
- 488 - 505
- publisher
- Tranfer Verlag, Regensburg, FRG
- external identifiers
-
- wos:000284977200007
- scopus:78049260494
- ISSN
- 0176-2680
- DOI
- 10.1016/j.ejpoleco.2010.03.002
- language
- English
- LU publication?
- yes
- id
- 7de565fb-5644-41c5-a1a3-42830333992b (old id 1579172)
- date added to LUP
- 2016-04-01 11:05:50
- date last changed
- 2024-09-17 15:58:57
@article{7de565fb-5644-41c5-a1a3-42830333992b,
abstract = {{Abstract in Undetermined<br/>Using the Standardized World Income Inequality Database, we examine if the KOF Index of Globalization and the Economic Freedom Index of the Fraser institute are related to within-country income inequality using panel data covering around 80 countries 1970–2005. Freedom to trade internationally is robustly related to inequality, also when adding several control variables and controlling for potential endogeneity using GMM. Social globalization and deregulation is also linked to inequality. Reforms towards economic freedom seem to increase inequality mainly in rich countries, and social globalization is more important in less developed countries. Monetary reforms, legal reforms and political globalization do not increase inequality.}},
author = {{Bergh, Andreas and Nilsson, Therese}},
issn = {{0176-2680}},
keywords = {{Liberalization; Economic freedom; Globalization; Income inequality; Institutions}},
language = {{eng}},
number = {{4}},
pages = {{488--505}},
publisher = {{Tranfer Verlag, Regensburg, FRG}},
series = {{European Journal of Political Economy}},
title = {{Do liberalization and globalization increase income inequality?}},
url = {{https://lup.lub.lu.se/search/files/195338194/WP08_12.pdf}},
doi = {{10.1016/j.ejpoleco.2010.03.002}},
volume = {{26}},
year = {{2010}},
}