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The Distribution of Gains from Globalization

Resources - Author: Marina Mendes Tavares, Valentin F. Lang / Year: 2018

We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 countries during 1970-2014, we apply a new instrumental variable, exploiting globalization’s geographically diffusive character, and find differential gains from globalization both across and within countries: Income gains are substantial for...

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