Analysis of Export Diversification and Impact of Globalisation on Income Inequality: Evidence from Asian Countries

Li, Dan; Wang, Xinyao; Xu, Yubing; Ren, Yutian

doi:10.1080/1226508x.2022.2120518

Cited by 5 publications

(5 citation statements)

References 33 publications

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“…The finding authenticates the alternative hypothesis that RMG export earnings augment income inequality and endorses Bhuyan and Oh (2021), who concluded that RMG export income enlarged inequality in Bangladesh. However, this outcome contradicts Aradhyula et al (2007), Hazama (2017), Le et al (2020), Zhu et al (2020), Li et al (2022) and Lee et al (2022), who reported positive contribution of export, trade and export diversification to reducing income inequalities. Moreover, the outcome of this current study also differs from that of Jeppesen et al (2015) and Cerdeiro and Komaromi (2017), who found no significant impact of export income on income inequality.…”

Section: Ardl Estimation Outcomesmentioning

confidence: 73%

“…Using the System GMM, Li et al (2022) studied sectoral export diversification's dynamic impact on income inequality while examining export diversification in 19 Asian countries between 2004 and 2017. The findings indicated that sectoral diversification of exports fueled inequality.…”

Section: Rmg Export Income and Inequalitymentioning

confidence: 99%

“…Aradhyula et al (2007), Cerdeiro and Komaromi (2017) and Demir et al (2012) considered the impact of trade and trade structure on income distribution. Hazama (2017), Hartmann et al (2017), Le et al (2020), Li et al (2022) and Lee et al (2022) examined the effect of export expansion, its complexity and diversification on income inequality. Zhu et al (2020) examined the impact of export product structure, and Bhuyan and Oh (2021) reviewed the impact of RMG export earnings on income inequality.…”

Section: Introductionmentioning

confidence: 99%

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The impact of personal remittance and RMG export income on income inequality in Bangladesh: evidence from an ARDL approach

Islam,

Azad

2023

REPS

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PurposePersonal remittance and ready-made garments (RMG) export incomes have emerged as the largest source of foreign income for Bangladesh's economy. The study investigates their impact on income inequality and gross domestic product (GDP) as a control variable, using time-series yearly data from 1983 to 2018.Design/methodology/approachIt employs the Autoregressive Distributed Lag (ARDL) estimation and the Toda-Yamamoto (T-Y) causality approach. The ARDL estimation outcomes confirm a long-run association among the above variables and validate the autoregressive characteristic of the model.FindingsPersonal remittances positively contribute to reducing the income gap among the people of the society and declining income inequality. In contrast, RMG export income and economic growth contribute to further income inequality. The T-Y causality analysis follows the ARDL estimation outcomes and authenticates their robustness. It reveals a feedback relationship between remittance inflow and the Gini coefficient, unidirectional causalities from RMG export income to income inequality and economic growth to income inequality.Research limitations/implicationsThe finding has important policy implications to limit the income gaps between low and high-income groups by channeling incremental income to the lower-income group people. The policymakers may facilitate further international migration to attract further remittances and may upgrade the minimum wage of the RMG workers.Originality/valueThe study is original. As far as the authors' knowledge goes, this is a maiden attempt to investigate the impact of personal remittances and RMG export income on income disparity in the case of Bangladesh.

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Section: Ardl Estimation Outcomesmentioning

confidence: 73%

Section: Rmg Export Income and Inequalitymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The impact of personal remittance and RMG export income on income inequality in Bangladesh: evidence from an ARDL approach

Islam,

Azad

2023

REPS

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“…However, it has worsened income inequality including housing and standard of living inequality (Hromada et al, 2023), labor exploitation, and environmental degradation which directly affects the quality of life. In this field of study, researchers have investigated the causes and consequences of global inequality, as well as proposed policies to address its negative consequences (Li et al, 2022;Villanthenkodath et al, 2023).…”

Section: Globalization and Inequalitymentioning

confidence: 99%

Economic and Political Dynamics of Globalization: A Review of Continuity and Change in Research Focus

Neugebauer,

Vokoun

2024

IJOES

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This paper delves into the multifaceted phenomenon of globalization and examines its contemporary manifestations. Globalization, characterized by increasing interconnectedness and interdependence among nations, has gained momentum through technological advancements, trade, and communication. In the context of historical dialectics, capitalism, and political economy, this study explores the evolving landscape of globalization and its implications for the modern world. The investigation aims to bridge the gap between past research and emerging trends, analyzing the complex relationship between economic interdependence and global dynamics. Through a systematic review of literature, including original research and review studies, the study uncovers a diverse array of topics, from geopolitical dynamics and ecological innovations to labor market disruptions and international trade evolution. While traditional themes such as inequality, technological advancements, and historical origins remain vital, contemporary discourse encompasses ecological sustainability, labor market transformations, and strategic geopolitical interactions. Notably, recent research highlights the role of economic diplomacy and strategies of dominant players, such as the EU, the US, and China, in shaping global markets. Furthermore, it emphasizes the intersection of technology, innovation, and globalization, particularly within industries and labor markets. Through an examination of the past, present, and future, this work aims to foster a comprehensive understanding of globalization's diverse dimensions, aiding policymakers, economists, and businesses in making informed choices.

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“…An intriguing aspect worth noting is that despite the positive association between export diversification and economic growth, empirical evidence suggests that it can also give rise to income inequality (Blancheton & Chhorn, 2019;C.-C. Lee et al, 2022;D. Li et al, 2022).…”

Section: Ii-literature Reviewmentioning

confidence: 99%

Export Diversification and Free Trade Agreements

Vera

2023

LAJTP

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This research paper examines the effect of Free Trade Agreements (FTAs) on export diversification, focusing on Peruvian exports to five countries in the Asia Pacific region: China, Japan, South Korea, Thailand, and Singapore. By employing regression models with control variables, the study investigates the outcomes of FTAs on export patterns. The findings reveal that the FTA yielded two primary effects: general and lagged. The general effect of the FTA was observed in the case of Peruvian exports to China and Korea, whereby a greater variety of exported goods became available. On the other hand, the FTA signed with Japan, Thailand, and Singapore resulted in a gradual reduction in the concentration of exported items over time. These findings underscore the importance of comprehending the multifaceted impacts of FTAs on export diversification and emphasize the need for a nuanced understanding of how trade agreements influence export dynamics across diverse markets.

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Analysis of Export Diversification and Impact of Globalisation on Income Inequality: Evidence from Asian Countries

Cited by 5 publications

References 33 publications

The impact of personal remittance and RMG export income on income inequality in Bangladesh: evidence from an ARDL approach

The impact of personal remittance and RMG export income on income inequality in Bangladesh: evidence from an ARDL approach

Economic and Political Dynamics of Globalization: A Review of Continuity and Change in Research Focus

Export Diversification and Free Trade Agreements

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