Trade, Institution Quality and Income Inequality

Lin, Faqin; Fu, Dahai

doi:10.1016/j.worlddev.2015.08.017

Cited by 67 publications

(45 citation statements)

References 34 publications

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“…In other words, while acknowledging a substantial degree of heterogeneity across trade agreements, our findings point towards a positive and economically significant effect - 2013; Artuc and McLaren, 2015;Lin and Fu, 2016), and that deriving higher growth rates may go hand in hand with higher wage inequality (Grossman and Helpman, 2018;Artuc et al, 2019). Other authors argue that side effects may feed in into politics (Autor et al, 2016;Colantone and Stanig, 2018a;Colantone and Stanig, 2018b), and studies on some potential policy responses are becoming available (i.a., see Claeys and Sapir, 2018, on the European Globalization Adjustment Fund).…”

Section: Discussionsupporting

confidence: 49%

Trade Agreements and Latin American Trade (Creation and Diversion) and Welfare

Sánchez-Albornoz

Timini

2020

SSRN Journal

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The Working Paper Series seeks to disseminate original research in economics and fi nance. All papers have been anonymously refereed. By publishing these papers, the Banco de España aims to contribute to economic analysis and, in particular, to knowledge of the Spanish economy and its international environment. The opinions and analyses in the Working Paper Series are the responsibility of the authors and, therefore, do not necessarily coincide with those of the Banco de España or the Eurosystem. The Banco de España disseminates its main reports and most of its publications via the Internet at the following website: http://www.bde.es. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged.

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Section: Discussionsupporting

confidence: 49%

Trade Agreements and Latin American Trade (Creation and Diversion) and Welfare

Sánchez-Albornoz

Timini

2020

SSRN Journal

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“…Alvarez et al (2018) support the crucial role of institutions in bilateral trade but argue that the effect of institutions on bilateral trade is somewhat lower than other determinants such as distance. Other studies by Yu et al (2015) and Lin and Fu (2016) also support the role of institutions in fostering international trade.…”

Section: Literaturementioning

confidence: 78%

Infrastructure development, institutions, and intra-regional trade: The case of East Africa

Ochieng¹,

Abala²,

Mbithi³

2020

EurJ Appl Econ

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This study empirically examines the relationship between infrastructure stock and bilateral trade flows using a panel of 11 countries in East Africa for the period 2000 to 2018. Infrastructure augmented gravity model was estimated using total bilateral exports for the countries in East Africa. Infrastructure was disaggregated into transport and information and communications technology (ICT) infrastructures. Two institutional variables, control of corruption index and regulatory quality, were incorporated in the model. By employing Poisson Pseudo Maximum Likelihood (PPML) estimator, the results confirm that both ICT and transport infrastructures and quality institutions positively impact on the volumes of total bilateral exports in East Africa. However, ICT infrastructure has a greater impact on trade flows compared to transport infrastructure. Therefore, more resources should be channelled towards increasing the stock of ICT infrastructure to propel trade and regional integration in East Africa.

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“…Third, institutional factors have a remarkable influence on economic progress (Rodrik et al 2004;Perugini and Pompei 2017;Lin and Fu 2016;Benassy-Quere et al 2007), but they have been ignored in previous research. Further, there is no empirical study explaining how trade influences income in Sub-Saharan African that takes account of institutional factors.…”

Section: Introductionmentioning

confidence: 99%

Trade, Institutional Quality and Income: Empirical Evidence for Sub-Saharan Africa

Doan

2019

Economies

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This paper looks at how trade liberalization and institutional quality influence real income. Previous evidence has provided mixed results, and we find that indicators representing trade liberalization have been very weak. By using strongly balanced panel data of 45 Sub-Saharan African countries covering the last 34 years (1980–2013), along with numerous advanced econometric instruments (random effect, fixed effect, system-generalized method of moments, pooled mean group) and composite trade indicators (KOF indicators), this paper determines the impact of trade liberalization, social factors and political globalization on real income per capita in both static and dynamic settings. The paper also considers short-term and long-term effects. The study confirms that free trade has a significant positive impact on the growth of real income per capita in static and dynamic settings. However, it also finds that countries must pay in the short-term to gain more significantly in the long-term. Further, we point out that social factors, especially information flows, can have significant but varying influences on real income under different scenarios and that political globalization both challenges and gives opportunities for improving living standards. We also find that institutional quality is a key factor for economic development in any situation.

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Trade, Institution Quality and Income Inequality

Cited by 67 publications

References 34 publications

Trade Agreements and Latin American Trade (Creation and Diversion) and Welfare

Trade Agreements and Latin American Trade (Creation and Diversion) and Welfare

Infrastructure development, institutions, and intra-regional trade: The case of East Africa

Trade, Institutional Quality and Income: Empirical Evidence for Sub-Saharan Africa

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