Abstract
The heterogeneous effects of globalization on income inequality continue to be hugely debated (Heimberger, 2020; Nolan et al., 2019). This study revisits the long-run relationship and existence of long and short-run causal linkages between globalization and income inequality for 23 OECD member countries across different geographical regions over 1970-2016. Four countries in our sample suggest the existence of a long-run relationship, with causality running from higher globalization levels to higher long-run income inequality only for Portugal and United States (USA). The results remain robust for the same after controlling for education, providing important policy implications towards moderating income inequality.
Original language | English |
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Publication status | Unpublished - 13 Jul 2021 |
Event | Australian Conference of Economists 2021: Wealth and Wellbeing - Western Australia, Perth, Australia Duration: 12 Jul 2021 → 14 Jul 2021 https://ace2021.org.au/ |
Conference
Conference | Australian Conference of Economists 2021 |
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Country/Territory | Australia |
City | Perth |
Period | 12/07/21 → 14/07/21 |
Internet address |