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Record Nr. |
UNINA9910970187503321 |
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Autore |
Papageorgiou Chris |
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Titolo |
Rising Income Inequality : : Technology, or Trade and Financial Globalization? / / Chris Papageorgiou, Subir Lall, Florence Jaumotte |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2008 |
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ISBN |
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9786612841361 |
9781462379002 |
1462379001 |
9781451870435 |
1451870434 |
9781451989304 |
145198930X |
9781282841369 |
128284136X |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (38 pages) : illustrations (some color), tables |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/185 |
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Altri autori (Persone) |
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JaumotteFlorence |
LallSubir |
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Disciplina |
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Soggetti |
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Globalization - Econometric models |
Technological innovations - Econometric models |
International trade - Econometric models |
International finance - Econometric models |
Income distribution - Econometric models |
Aggregate Factor Income Distribution |
Exports and Imports |
Finance |
Foreign direct investment |
Globalization |
Globalization: General |
Income distribution |
Income inequality |
Income |
International Investment |
Investments, Foreign |
Long-term Capital Movements |
Macroeconomics |
Personal income |
Personal Income, Wealth, and Their Distributions |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Bibliographic Level Mode of Issuance: Monograph |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Intro -- Contents -- I. Introduction -- II. A Look at Cross-Country Trends -- A. Income Inequality -- B. Trade Openness, Financial Openness and Technological Progress -- III. Empirical Analysis -- A. Specification -- B. Results -- C. Robustness -- IV. Discussion -- V. Conclusion -- Appendix I. Variable Definitions and Data Sources -- Appendix II. Income Country Groups and Estimation Sample -- References -- Tables -- 1. Income Inequality Panel Regressions -- 2. Quintile Income Shares Regressions -- 3. Income Inequality Panel Regressions (Regional Heterogeneity). -- Figures -- 1. Income Inequality Within Income Country Groups and Selected Countries -- 2. Income Shares Within Income Country Groups -- 3. Income by Quintile in Selected Regions -- 4. Trade Liberalization Within Income Country Groups. -- 5. Financial Liberalization Within Income Country Groups -- 6. Technological Development Within Income Country Groups -- 7. Decomposition of the Change in Income Inequality. |
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Sommario/riassunto |
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We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction in inequality, financial globalization-and foreign direct investment in particular-is associated with an increase. A key finding is that both globalization and technological changes increase the returns on human capital, underscoring the importance of education and training in both developed and developing countries in addressing rising inequality. |
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