The Distribution of Gains from Globalization

The Distribution of Gains from Globalization
Author :
Publisher : International Monetary Fund
Total Pages : 66
Release :
ISBN-10 : 9781484347065
ISBN-13 : 1484347064
Rating : 4/5 (064 Downloads)

Book Synopsis The Distribution of Gains from Globalization by : Valentin F. Lang

Download or read book The Distribution of Gains from Globalization written by Valentin F. Lang and published by International Monetary Fund. This book was released on 2018-03-13 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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