期刊
IMF ECONOMIC REVIEW
卷 61, 期 2, 页码 271-309出版社
PALGRAVE MACMILLAN LTD
DOI: 10.1057/imfer.2013.7
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The paper examines the relationship between the rapid pace of trade and financial globalization and the rise in income inequality observed in most countries over the past two decades. Using a newly compiled panel of 51 countries over a 23-year period from 1981 to 2003, the paper reports estimates that support a greater impact of technological progress 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 in inequality.
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