Does globalization cause inequality in Developed Countries? Evidence from the OECD economies

Gulasekaran Rajaguru; Rahul  Sen; Sadhana Srivastava; Pundarik MUKHOPADHAYA

Does globalization cause inequality in Developed Countries? Evidence from the OECD economies

Gulasekaran Rajaguru
, Rahul Sen
, Sadhana Srivastava
, Pundarik MUKHOPADHAYA

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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
Publication status	Unpublished - 13 Jul 2021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
Country/Territory	Australia
City	Perth
Period	12/07/21 → 14/07/21
Internet address	https://ace2021.org.au/

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

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ACE2021 Conference presentationLicence: CC BY-NC-ND

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title = "Does globalization cause inequality in Developed Countries? Evidence from the OECD economies",

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.",

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T1 - Does globalization cause inequality in Developed Countries? Evidence from the OECD economies

AU - Rajaguru, Gulasekaran

AU - Sen, Rahul

AU - Srivastava, Sadhana

AU - MUKHOPADHAYA, Pundarik

PY - 2021/7/13

Y1 - 2021/7/13

N2 - 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.

AB - 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.

M3 - Presentation

T2 - <br/>Australian Conference of Economists 2021

Y2 - 12 July 2021 through 14 July 2021

ER -

Does globalization cause inequality in Developed Countries? Evidence from the OECD economies

Abstract

Conference

UN SDGs

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