Export diversification, specialisation and inequality: Evidence from Asian and Western countries
Language
en
Article de revue
This item was published in
Journal of International Trade and Economic Development. 2019, vol. 28, n° 2, p. 189-229
English Abstract
This paper examines the dynamic effect of globalization at the disaggregated level of sectoral export diversification and manufacturing specialization on income inequality using a panel data set of 52 Asian and Western ...Read more >
This paper examines the dynamic effect of globalization at the disaggregated level of sectoral export diversification and manufacturing specialization on income inequality using a panel data set of 52 Asian and Western countries from 1988 to 2014. The paper uses dynamic panel data models applying the System Generalized Method of Moments (GMM) estimations that provide more accurate and better results than those obtained with static panel data models. The results suggest that there is no statistically significant relationship between manufacturing specialization and inequality while sectoral export diversification has been the driving force of inequality. For sub-groups of countries, higher sectoral export diversification increases inequality and higher manufacturing specialization decreases inequality in high-income Asian countries and European Union (EU) member states. Moreover, the study finds insignificant effects in low-income Asian countries and Anglo-Saxon countries. © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.Read less <
English Keywords
developing world
low income population
export
diversity index
dynamic panel data model
estimation method
Export diversification
income inequality
manufacturing
panel data
specialization