The impact of global value chain participation on income inequality
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comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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INVESTIGACIONMetadata
Title
The impact of global value chain participation on income inequalityDate
2022-05Publisher
ElsevierBibliographic citation
Carpa, N., & Martínez-Zarzoso, I. (2022). The impact of global value chain participation on income inequality. International Economics, 169, 269-290.Type
info:eu-repo/semantics/articlePublisher version
https://www.sciencedirect.com/science/article/pii/S2110701722000105Version
info:eu-repo/semantics/acceptedVersionSubject
Abstract
There is a considerable amount of discussion over the effect of global value chain (GVC) participation on the increasing levels of income inequality in developed and developing countries. This paper aims to contribute ... [+]
There is a considerable amount of discussion over the effect of global value chain (GVC) participation on the increasing levels of income inequality in developed and developing countries. This paper aims to contribute to a better understanding of the interlink between income inequality and GVC participation. For this purpose, a panel data analysis is conducted with recent GVC data from the UNCTAD-Eora database. The results from panel data estimations for a sample of 39 countries over the period 1995–2016 suggest that offshoring has a significant inequality reducing effect for developing economies in the long run. Although the estimation results also indicate that some negative distributional effects of GVC related trade emerge in the short run, these seem to be mainly short run reactions of the economy, which might be offset in the long run through the adjustment of the labor market towards a new long run equilibrium. [-]
Is part of
International Economics Volume 169, May 2022, pages 269-290Funder Name
Ministerio de Ciencia, Innovación y Universidades (Spain) | Generalitat Valenciana | Universitat Jaume I
Project code
PID2020-114646RB-C42 | PROMETEO2018/10 | UJI-B2020-57
Rights
© 2022 CEPII
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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