How Do the Technology Transfer and Trade Openness Affect Income inequality: A Panel Data Analysis?
Journal: Kashmir Economic Review (Vol.27, No. 2)Publication Date: 2018-12-01
Authors : Muhammad Muzammil; Rafi Amir-ud-Din; Rana Ejaz Ali Khan;
Page : 31-53
Keywords : Trade openness; transfer of technology; inequality;
Abstract
This study examines the impact of trade openness on the income inequality in the developing and developed countries. Additionally, we see if technology transfer and changes in the ratio of skilled to unskilled labor and educational attainment have any role in influencing the income inequality. We used panel data for 104 countries from both developed and developing countries during 1980-2014. We estimated the relationship using fixed effects and random effects panel regression analysis as well as system GMM technique for robustness check. We find that trade openness, expenditure on education and ratio of the skilled to unskilled labor significantly reduce inequality in both developed and developing countries. Increase in technology transfer and role of religion in politics significantly reduces inequality in the developing countries only whereas corruption increases income inequality in the developing countries only.
Other Latest Articles
- Ricardian Equivalence, Twin Deficits and Feldstein-Horioka Hypotheses: Empirical Analysis form Pakistan
- Socio-Economic Factors Influencing Students’ Drop Out At Primary Level: A Case Study of Working Folks Grammar Schools District Haripur
- The Contributing Factor of Dividend Imbursement Behavior: An Empirical Study on Textile Sector of Pakistan
- Relationship between Capital Structure and Financial Performance of Textile Sector Companies
- Institutional Quality, Conflict and Aid Dependency
Last modified: 2020-07-07 09:15:02