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The impact of economic openness on standard of living and income inequality in eight countries

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  • Dong, Fang

Abstract

Since the late 1980s and early 1990s, many Emerging Market Economies (EMEs) have opened their doors for international capital flows, but sudden capital outflows caused economic recessions in these countries, leaving more people unemployed and raising poverty concerns. On the other hand, foreign capital financed more domestic investment, causing economic expansion and growth; with more job opportunities poverty could be reduced. This paper follows this theory and examines how standards of living and income inequality change across business cycle phases in eight EMEs.

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  • Dong, Fang, 2014. "The impact of economic openness on standard of living and income inequality in eight countries," Emerging Markets Review, Elsevier, vol. 21(C), pages 234-264.
    • Handle: RePEc:eee:ememar:v:21:y:2014:i:c:p:234-264
    DOI: 10.1016/j.ememar.2014.09.005
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    References listed on IDEAS

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    Cited by:

    1. Temilola Osinubi, Tolulope, 2020. "The Role Of Income Inequality In The Globalisation-Poverty Nexus: Empirical Evidence From Mint Countries," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 7(2), pages 67-89, June.
    2. Lis, Piotr, 2018. "The impact of armed conflict and terrorism on foreign aid: A sector-level analysis," World Development, Elsevier, vol. 110(C), pages 283-294.
    3. Inekwe, John Nkwoma & Jin, Yi & Valenzuela, Maria Rebecca, 2018. "A new approach to financial integration and market income inequality," Emerging Markets Review, Elsevier, vol. 37(C), pages 134-147.
    4. Rawan F. Shubita & Taleb Awad Warrad, 2018. "The Effects of International Trade Openness on Government Revenue: Empirical Evidence from Middle East and North African Region Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 8(1), pages 153-160.
    5. Atta Ullah & Zhao Kui & Saif Ullah & Chen Pinglu & Saba Khan, 2021. "Sustainable Utilization of Financial and Institutional Resources in Reducing Income Inequality and Poverty," Sustainability, MDPI, vol. 13(3), pages 1-25, January.
    6. Hazama, Yasushi, 2017. "The impact of exports on income inequality in developing countries," IDE Discussion Papers 650, Institute of Developing Economies, Japan External Trade Organization(JETRO).

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