Bhattacharyya, Sambit; Willliamson, Jeffrey G. - Department of Economics, Oxford University - 2013
Abstract. This paper studies the distributional impact of commodity price shocks over the both the short and very long … countries over the periods 1865- 1940 and 1960-2007. A single equation error correction model suggests that commodity price … shocks increase the income share of the top 1, 0.05, and 0.01 percents in the short run. The very top end of the income …