Do the poor benefit from globalization regardless of institutional quality?
(2016) In Applied Economics Letters 23(10). p.702-712- Abstract
- Despite significant progress towards the Millennium goals, more than one billion people live on less than 1.25 US dollars per day. Previous research suggests that globalization stimulates poverty reduction, but does not investigate what role institutions play in this relationship. Theoretically, globalization could act as either a complement or a substitute to institutional quality in reducing poverty. We find that the poverty-reducing effect of globalization is stronger when institutions are weak. In particular, increasing social globalization reduces poverty more when corruption is high and democratic accountability is low. Thus, globalization has the power to reduce poverty even in countries with low institutional quality.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/8034475
- author
- Bergh, Andreas LU ; Mirkina, Irina V LU and Nilsson, Therese LU
- organization
- publishing date
- 2016
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Absolute poverty, globalization, institutions, information flows, D30, F15, I32
- in
- Applied Economics Letters
- volume
- 23
- issue
- 10
- pages
- 702 - 712
- publisher
- Routledge
- external identifiers
-
- scopus:84946430263
- wos:000374653600006
- ISSN
- 1466-4291
- DOI
- 10.1080/13504851.2015.1102835
- language
- English
- LU publication?
- yes
- id
- 6522b891-b54e-4048-8396-f4f1b9a36cc7 (old id 8034475)
- date added to LUP
- 2016-04-01 10:10:03
- date last changed
- 2022-04-12 02:39:30
@article{6522b891-b54e-4048-8396-f4f1b9a36cc7, abstract = {{Despite significant progress towards the Millennium goals, more than one billion people live on less than 1.25 US dollars per day. Previous research suggests that globalization stimulates poverty reduction, but does not investigate what role institutions play in this relationship. Theoretically, globalization could act as either a complement or a substitute to institutional quality in reducing poverty. We find that the poverty-reducing effect of globalization is stronger when institutions are weak. In particular, increasing social globalization reduces poverty more when corruption is high and democratic accountability is low. Thus, globalization has the power to reduce poverty even in countries with low institutional quality.}}, author = {{Bergh, Andreas and Mirkina, Irina V and Nilsson, Therese}}, issn = {{1466-4291}}, keywords = {{Absolute poverty; globalization; institutions; information flows; D30; F15; I32}}, language = {{eng}}, number = {{10}}, pages = {{702--712}}, publisher = {{Routledge}}, series = {{Applied Economics Letters}}, title = {{Do the poor benefit from globalization regardless of institutional quality?}}, url = {{http://dx.doi.org/10.1080/13504851.2015.1102835}}, doi = {{10.1080/13504851.2015.1102835}}, volume = {{23}}, year = {{2016}}, }