Globalization-Inequality nexus in developing countries: Evidence from SAARC countries
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Abstract/Description
Globalization emerged as a socio-economic phenomenon in late eighteenth century and it affected the income distribution between the countries and within the countries. The literature on globalization and income distribution postulates that international economic freedom might lead to income convergence at global level, however, the proposition of ‘global integration causing income equality’ is being debated now. This paper examines the impact of globalization on income inequality in SAARC countries using a panel data set of eight countries for the years 2000-2019. It uses KOF index for globalization and SWIID index for income inequality. The estimated model also includes few control variables, it suggests that there is positive and significant link between globalization and income inequality. SAARC countries need to revise their economic policies in order to resolve the issue of rising income inequality.
Location
Lecture Room 1, 12th Floor, Aman Tower
Session Theme
Firms, Trade and Globalization - Session IA
Session Type
Parallel Technical Session
Session Chair
Dr. Asad Sayeed, Economist and Researcher, Collective for Social Science Research
Session Discussant
Dr. Saqib Sharif, Associate Professor, Institute of Business Administration, Karachi
Start Date
2-4-2021 2:30 PM
End Date
2-4-2021 4:00 PM
Recommended Citation
Khan, A., & Khan, M. U. (2021). Globalization-Inequality nexus in developing countries: Evidence from SAARC countries. CBER Conference. Retrieved from https://ir.iba.edu.pk/esdcber/2021/day1/5
Globalization-Inequality nexus in developing countries: Evidence from SAARC countries
Lecture Room 1, 12th Floor, Aman Tower
Globalization emerged as a socio-economic phenomenon in late eighteenth century and it affected the income distribution between the countries and within the countries. The literature on globalization and income distribution postulates that international economic freedom might lead to income convergence at global level, however, the proposition of ‘global integration causing income equality’ is being debated now. This paper examines the impact of globalization on income inequality in SAARC countries using a panel data set of eight countries for the years 2000-2019. It uses KOF index for globalization and SWIID index for income inequality. The estimated model also includes few control variables, it suggests that there is positive and significant link between globalization and income inequality. SAARC countries need to revise their economic policies in order to resolve the issue of rising income inequality.
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