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Do liberalization and globalization increase income inequality?

Bergh, Andreas LU and Nilsson, Therese LU (2010) In European Journal of Political Economy 26(4). p.488-505
Abstract (Swedish)
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... (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)
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author
organization
publishing date
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
2010-03-22 15:36:34
date last changed
2018-06-03 03:24:56
@article{7de565fb-5644-41c5-a1a3-42830333992b,
  abstract     = {<b>Abstract in Undetermined</b><br/><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},
  keyword      = {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          = {http://dx.doi.org/10.1016/j.ejpoleco.2010.03.002},
  volume       = {26},
  year         = {2010},
}