Trade, Institution Quality and Income Inequality

被引:54
作者
Lin, Faqin [1 ]
Fu, Dahai [1 ]
机构
[1] Cent Univ Finance & Econ, Beijing, Peoples R China
基金
中国国家自然科学基金; 北京市自然科学基金;
关键词
trade; income inequality; Baltic Dry Index; commodity price index; institution quality; WAGE INEQUALITY; DEVELOPING-COUNTRIES; VERTICAL SPECIALIZATION; ECONOMIC-GROWTH; GLOBALIZATION; OPENNESS; LIBERALIZATION; POVERTY; WORLD; LABOR;
D O I
10.1016/j.worlddev.2015.08.017
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
We examine the effect of trade on income inequality in small developing countries. We use two well-accepted trade cost variables for identification: one is based on Baltic Dry Index and another is commodities' price index. Our main finding is that trade leads to a significant reduction (increase) in income inequality in autocracies (democracies). To explain such different effects, we provide supporting evidence that autocracies export more primary commodities and may follow the Stolper-Samuelson theorem in HO framework, while democracies active in manufacturing outsourcing may follow Feenstra and Hanson (1996) task model. (C) 2015 Elsevier Ltd. All rights reserved.
引用
收藏
页码:129 / 142
页数:14
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