International Research Journal of Finance and Economics. Vol. 62, (2011), 7-14
Suggested Citation
Chordokrak, C., Pandej Chintrakarn Globalization, Technology, and income inequality : new evidence. International Research Journal of Finance and Economics. Vol. 62, (2011), 7-14. Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/10538
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Globalization, Technology, and income inequality : new evidence
Employing state-level panel data on 48 states from 1988-2003, we estimates the impact of globalization and technology advances on U.S. states' income inequality. The results obtained from using various econometrics models reveal that inward FDI measured by FDI-related employment has positive and statistically significant effects on five out of six U.S. States' income inequality
measures. With first difference estimator, we find some evidence that trade has positive and statistically significant effect on top-income shares though there is no evidence on the impact of technology on income inequality.
