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Do the poor benefit from globalization regardless of institutional quality?

Bergh, Andreas LU ; Mirkina, Irina V LU and Nilsson, Therese LU (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.
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author
organization
publishing date
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
2015-10-01 09:24:08
date last changed
2017-09-17 03:20:39
@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},
  keyword      = {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},
  volume       = {23},
  year         = {2016},
}