The Effect of Trade and Foreign Direct Investment on Inequality: Do Governance and Macroeconomic Stability Matter?

Through dynamic panel data techniques and applying the estimated household income inequality data-set (Galbraith and Kum, 2003), this paper is aimed at exploring the effect of economic variables such as trade, foreign direct investment (FDI) and inflation on inequality, under different scenarios of...

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Detalles Bibliográficos
Autor principal: Gerardo Angeles-Castro
Formato: Artículo científico
Publicado: Centro de Investigación y Docencia Económicas, A.C. 2011
Materias:
Economía y Finanzas
Trade
foreign direct investment
inflation
inequality
good governance
panel data
Acceso en línea:http://www.redalyc.org/articulo.oa?id=32319280005
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32319280005oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-32319280005oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Trade
foreign direct investment
inflation
inequality
good governance
panel data
spellingShingle Economía y Finanzas
Trade
foreign direct investment
inflation
inequality
good governance
panel data
Gerardo Angeles-Castro
The Effect of Trade and Foreign Direct Investment on Inequality: Do Governance and Macroeconomic Stability Matter?
topic_facet Economía y Finanzas
Trade
foreign direct investment
inflation
inequality
good governance
panel data
description Through dynamic panel data techniques and applying the estimated household income inequality data-set (Galbraith and Kum, 2003), this paper is aimed at exploring the effect of economic variables such as trade, foreign direct investment (FDI) and inflation on inequality, under different scenarios of domestic efficiency and over time. Trade benefits income distribution, whereas fdi and inflation increase inequality. The expansion of exports and employment based on the primary sector does not provide distributional effects, not even in low income countries. Those economies associated with macroeconomic stability and a high governance indicator can mitigate the adverse effect of FDI on income distribution, and enhance the benefits of trade. In the longer run, employment in industry, trade and in particular manufactured exports, can exert more distributional effects, while the adverse effect of FDI and inflation decreases.
format Artículo científico
Artículo científico
author Gerardo Angeles-Castro
author_facet Gerardo Angeles-Castro
author_sort Gerardo Angeles-Castro
title The Effect of Trade and Foreign Direct Investment on Inequality: Do Governance and Macroeconomic Stability Matter?
title_short The Effect of Trade and Foreign Direct Investment on Inequality: Do Governance and Macroeconomic Stability Matter?
title_full The Effect of Trade and Foreign Direct Investment on Inequality: Do Governance and Macroeconomic Stability Matter?
title_fullStr The Effect of Trade and Foreign Direct Investment on Inequality: Do Governance and Macroeconomic Stability Matter?
title_full_unstemmed The Effect of Trade and Foreign Direct Investment on Inequality: Do Governance and Macroeconomic Stability Matter?
title_sort effect of trade and foreign direct investment on inequality: do governance and macroeconomic stability matter?
publisher Centro de Investigación y Docencia Económicas, A.C.
publishDate 2011
url http://www.redalyc.org/articulo.oa?id=32319280005
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32319280005oai
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