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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

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

Dollar Invoicing, Global Value Chains, and the Business Cycle Dynamics of International Trade

Cook, David E.; Patel, Nikhil - 2022

Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...

Persistent link: https://www.econbiz.de/10013295131

Reaping the Benefits from Global Value Chains

Cheng, Kevin - 2015

Against the backdrop of the rise of global value chains (GVCs), particularly in Asia, this paper documents key developments of GVCs and investigates what factors cause economies to reap greater benefits from GVC participation. Key findings include: first, moving toward a more upstream position...

Persistent link: https://www.econbiz.de/10013011209

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

Inequality and the Structure of Countries’ External Liabilities

Harms, Philipp; Hoffmann, Mathias; Kohl, Miriam; … - 2022

In this paper, we present empirical evidence that higher income inequality is associated with a greater equity share in countries' external liabilities, and we develop a theoretical model that can explain this observation: In a small open economy with traded and nontraded goods, entry barriers...

Persistent link: https://www.econbiz.de/10014079898

Inflation and Income Inequality : Is Food Inflation Different?

Walsh, James P. - 2015

There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into food and nonfood inflation and assessing whether...

Persistent link: https://www.econbiz.de/10013036638