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The Distribution of Gains from Globalization

Lang, Valentin - 2018

We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 … countries during 1970-2014, we apply a new instrumental variable, exploiting globalization's geographically diffusive character …, and find differential gains from globalization both across and within countries: Income gains are substantial for …

Persistent link: https://www.econbiz.de/10012922630

Inequality and Poverty in India : Impact of COVID-19 Pandemic and Policy Response

Arbatli, Elif C.; Coppo, Mattia; Khalil, Nasser; … - 2023

Using microdata from nationally representative household and labor force surveys, we study the impact and drivers of poverty and inequality in India during the pandemic. We have three main findings. First, India has made significant progress in reducing poverty in recent decades, but the...

Persistent link: https://www.econbiz.de/10014349469

The Aggregate and Distributional Effects of Financial Globalization : Evidence from Macro and Sectoral Data

Furceri, Davide - 2018

-financial globalization. Both country- and industry-level resultssuggest that such policies have led on average to limited output gains while …

Persistent link: https://www.econbiz.de/10012918557

Financial Globalization and Inequality : Capital Flows as a Two-Edged Sword

Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa A; … - 2021

We review the debate on the association of financial globalization with inequality. We show that the within …-market specific - is important for facilitating wider sharing of the benefits of financial globalization …

Persistent link: https://www.econbiz.de/10013243076

Why is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence

Dao, Mai - 2017

This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a newly assembled dataset, and analyzes the drivers behind it. Technological progress, along with...

Persistent link: https://www.econbiz.de/10012948533

The Effect of Tariffs in Global Value Chains

Eugster, Johannes L.; Jaumotte, Florence; MacDonald, Margaux - 2022

This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using global input-output matrices, we construct four different tariff measures that capture the direct and indirect exposure to tariffs at different stages of the production chain for...

Persistent link: https://www.econbiz.de/10013295005

Inequality and Growth : A Heterogeneous Approach

Grigoli, Francesco - 2017

The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...

Persistent link: https://www.econbiz.de/10012962147

Inequality, Poverty, and Growth : Cross-Country Evidence

Iradian, Garbis - 2021

This paper examines the empirical relationship between inequality and growth, and analyzes the impacts of growth, inequality, and government spending on poverty reduction. A new panel dataset has been assembled on inequality and poverty that reduces measurement error and ensures comparability...

Persistent link: https://www.econbiz.de/10013318088

Functional Income Distribution and Its Role in Explaining Inequality

Francese, Maura - 2016

This paper is motivated by two parallel trends: the declining labor share of income and increasing inequality. Micro and macroeconomic data, covering up to 93 countries between 1970 and 2013, are used to assess whether the declining labor share of income has been a key factor driving growing...

Persistent link: https://www.econbiz.de/10012999752

Measuring Global and Country-Specific Uncertainty

Ozturk, Ezgi O. - 2017

Motivated by the literature on the capital asset pricing model, we decompose the uncertaintyof a typical forecaster into common and idiosyncratic uncertainty. Using individual surveydata from the Consensus Forecasts over the period of 1989-2014, we develop monthlymeasures of macroeconomic...

Persistent link: https://www.econbiz.de/10012942353

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