The distribution of gains from globalization

Lang, Valentin ; Mendes Tavares, Marina

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Document Type: Working paper
Year of publication: 2018
The title of a journal, publication series: IMF Working Paper
Volume: 18/54
Place of publication: Washington, DC
Publishing house: International Monetary Fund
ISBN: 978-1-4843-4706-5
ISSN: 1018-5941 , 2227-8885
Publication language: English
Institution: School of Social Sciences > Internat. Political Economy and Development (Juniorprofessur) (Lang 2020-)
Subject: 320 Political science
Abstract: 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 countries at early and medium stages of the globalization process, but the marginal returns diminish as globalization rises, eventually becoming insignificant. Within countries, these gains are concentrated at the top of national income distributions, resulting in rising inequality. We find that domestic policies can mitigate the adverse distributional effects of globalization.

Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation.

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BASE: Lang, Valentin ; Mendes Tavares, Marina

Google Scholar: Lang, Valentin ; Mendes Tavares, Marina

ORCID: Lang, Valentin ORCID: 0000-0002-5719-418X ; Mendes Tavares, Marina

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