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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.

Suggested Citation

  • 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. repec:eco:journ1:2018-01-20 is not listed on IDEAS
    2. 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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