Trade openness and income inequality: New empirical evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas

doi:10.1111/ecin.13018

Cited by 52 publications

(53 citation statements)

References 86 publications

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“…Although existing studies on the relationship between trade opening and income disparity found that trade opening reduces labor income share, thereby widening income disparity (Jayadev, 2007 ; Asteriou et al, 2014 ), these empirical analyses mainly focused on trade opening among developed economies, while this paper focuses on a developing country. Contrary to the conclusions of these studies, many studies suggested that when countries engage in trade opening, the production factors that are relatively abundant gain, especially in developing countries can gain a larger share of labor income through trade opening, which in turn leads to a decrease in income inequality (Jaumotte et al, 2013 ; Roser and Cuaresma, 2016 ; Khan et al, 2020 ; Dorn et al, 2022 ). These previous studies further provide empirical support for the rationality of the research hypothesis in this paper.…”

Section: Discussionmentioning

confidence: 88%

Convergence effect of the Belt and Road Initiative on income disparity: evidence from China

Qin

Dong-mei

Gao

2022

Humanit Soc Sci Commun

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The international economic effects of the Belt and Road Initiative (BRI) have received much attention, but few studies have focused on the impact of the BRI on domestic regional income disparities. Here, a theoretical framework is proposed based on the logic of public policy analysis in economic geography aiming at studying the impact of the BRI on the convergence of inter-city income disparities in China. Specifically, taking the BRI as a quasi-natural experiment, the impact of the BRI on the convergence of inter-city income disparities in 26 provinces of China is studied empirically using the difference-in-differences method. We find that the BRI has indeed contributed to the convergence of regional income disparities, and this convergence effect is continuously dynamic in its nature. The effects of trade opening and industrial structure transformation are the paths through which the BRI contributes to the convergence of income disparities. Furthermore, we find that there is significant heterogeneity in the effects of the BRI on the convergence of income disparities among cities in different provinces in China. The convergence effect of the BRI on the income disparities among cities in East China is small and insignificant, whereas it can significantly reduce the income disparities among cities in Central and West China. The research in this article has important application value for exploration of the regional income distribution effect of the BRI.

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Section: Discussionmentioning

confidence: 88%

Convergence effect of the Belt and Road Initiative on income disparity: evidence from China

Qin

Dong-mei

Gao

2022

Humanit Soc Sci Commun

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“…(3) Coordination Cost: This cost is mainly the communication and coordination cost during the implementation of the contract. In the process of enterprise projects, due to the diversity of market demand and the variability of the future, the contracts signed between enterprises will be affected by many factors [13], which will lead to accidents in the process of cooperation. Therefore, enterprises need to coordinate accordingly and renegotiate the contents of the contracts to generate new transaction costs, which constitute coordination costs.…”

Section: The Accounting Audit Transaction Cost Analysismentioning

confidence: 99%

Study on fault tolerance method of cloud computing accounting service platform for middle data supporting cost-benefit analysis

Jin

Zhang

2022

Preprint

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Study the fault-tolerant method of intermediate data of cloud computing accounting service platform to support cost-benefit analysis, provide cost-benefit analysis function for the platform, and strengthen the fault-tolerant ability of intermediate data of the platform. Build an enterprise cloud computing accounting service platform, use the network environment of the accounting service platform provided by the cloud service provider, collect the internal and external accounting service system data of the enterprise through the data collection layer, and transmit it to the data warehouse of the data processing storage layer after data cleaning, extraction and processing. The data processing storage layer calls the collected data to analyze the transaction cost-effectiveness of the enterprise. The intermediate data fault-tolerant model is constructed. After being solved by ant colony algorithm, the intermediate data generated in the process of cost-benefit analysis and other accounting services are fault-tolerant processed, and the platform accounting service results are output to the interactive interface through the data output display layer, so as to realize the interaction with users. The experimental analysis shows that:this method can effectively analyze the transaction cost and benefit of enterprises, the data availability probability after fault-tolerant processing is higher, and the read-write load is lower.

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“…If one has an adequate understanding of economic protectionism, this should-as a mirror view of protectionism-also lead to a more refined understanding of sustained economic liberalization; that is, an economic globalization that can be expected to be rather stable. This naturally leads to a consideration of certain aspects of economic liberalization which cannot be covered here, but the analysis presented could be picked up in the ongoing debate by using CES production functions and inequality aspects in the modeling of the supply side; for contributions to the traditional, and more recent, debate see, for example, Jaumotte et al (2008) and Dorn et al (2021).…”

Section: Further Research and Policy Conclusionmentioning

confidence: 99%

The macroeconomic effects of import tariffs in a model with multinational firms and foreign direct investment

Roeger

Welfens

2022

Int Econ Econ Policy

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Recent (de-)globalization tendencies and rising protectionist measures has created new interest in studying the effects of unilateral and world-wide tariffs. This paper contributes to this issue by taking into account that international transactions in goods and services increasingly take the form of foreign direct investment. We look at the effects of import tariffs in the context of a two-region DSGE model with both an exporting and an FDI sector. We find that the tariff jumping effect on FDI is largely outweighed by a cost effect if the tariff is imposed on all imports. This holds in the case of both tariffs imposed unilaterally and worldwide import tariffs. Our analysis confirms the aggregate positive welfare effects of a unilateral tariff, but also shows inefficiencies resulting from consumption and production distortions. This leads to lower GDP and real wages through the investment channel. However, governments can generate a tariff jumping effect by exempting imports of multinationals from tariffs. This reduces negative growth effects but also lowers welfare gains since there are less tariff revenues to support consumption. In the case of a world-wide tariff, exempting imports of multinationals reduces negative welfare effects.

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Trade openness and income inequality: New empirical evidence

Cited by 52 publications

References 86 publications

Convergence effect of the Belt and Road Initiative on income disparity: evidence from China

Convergence effect of the Belt and Road Initiative on income disparity: evidence from China

Study on fault tolerance method of cloud computing accounting service platform for middle data supporting cost-benefit analysis

The macroeconomic effects of import tariffs in a model with multinational firms and foreign direct investment

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