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Globalization and Economic Inequality in the Short and Long Run: The Case of South Korea 1975-1995

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  • Sumie

    (Graduate School of Economics, Kobe University)

  • Mototsugu Fukushige

    ()
    (Graduate School of Economics, Osaka university)

Abstract

We have analyzed the determinants of the Gini coefficient for income and expenditure. In both cases, we do not find support for the Kuznets inverted-U hypothesis. From economic globalization viewpoint, the opening of goods markets reduces income inequality both in the short run (the Gini coefficient for income) and in the long run (the Gini coefficient for expenditure). On the other hand, the opening of capital markets increases income inequality both in the short and long run, but the latter is not statistically significant. These results suggest that the effect of economic globalization has two routes and two different speeds to affect income inequality.

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Bibliographic Info

Paper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 07-43.

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Length: 17 pages
Date of creation: Nov 2007
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Handle: RePEc:osk:wpaper:0743

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Keywords: Globalization; Economic inequality; Gini coefficient; South Korea;

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Cited by:
  1. Parisa SAMIMI & Guan Choo LIM & Abdul Aziz BUANG, 2011. "Globalization Measurement: Notes on Common Globalization Indexes," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(7), pages 20, December.

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