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Revisiting the Link Between Trade, Growth and Inequality : Lessons for Latin America and the Caribbean

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Title: Revisiting the Link Between Trade, Growth and Inequality : Lessons for Latin America and the Caribbean
Description: We revisit the relationship between international trade, economic growth and inequality with a focus on Latin America and the Caribbean. The paper combines two approaches: First, we employ a cross-country panel framework to analyze the macroeconomic effects of international trade on economic growth and inequality considering the strength of trade connections as well as characteristics of countries'export markets and products. Second, we consider event studies of past episodes of trade liberalization to extract general lessons on the impact of trade liberalization on economic growth and its structure and inequality. Both approaches consistently point to two broad messages: First, trade openness and connectivity to the center of the trade network has substantial macroeconomic benefits. Second, we do not find a statistically significant or economically sizable direct impact of trade on overall income inequality.
Authors: Beaton, Kimberly, Cebotari, Aliona, Komaromi, Andras
Resource Type: eBook.
Subjects: Globalization--Latin America
Categories: BUSINESS & ECONOMICS / Reference, BUSINESS & ECONOMICS / Economics / General
Database: eBook Collection (EBSCOhost)
FullText Links:
  – Type: ebook-pdf
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  Availability: 0
Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 1496824
RelevancyScore: 1077
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 1077.00524902344
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Items – Name: Title
  Label: Title
  Group: Ti
  Data: Revisiting the Link Between Trade, Growth and Inequality : Lessons for Latin America and the Caribbean
– Name: Abstract
  Label: Description
  Group: Ab
  Data: We revisit the relationship between international trade, economic growth and inequality with a focus on Latin America and the Caribbean. The paper combines two approaches: First, we employ a cross-country panel framework to analyze the macroeconomic effects of international trade on economic growth and inequality considering the strength of trade connections as well as characteristics of countries'export markets and products. Second, we consider event studies of past episodes of trade liberalization to extract general lessons on the impact of trade liberalization on economic growth and its structure and inequality. Both approaches consistently point to two broad messages: First, trade openness and connectivity to the center of the trade network has substantial macroeconomic benefits. Second, we do not find a statistically significant or economically sizable direct impact of trade on overall income inequality.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Beaton%2C+Kimberly%22">Beaton, Kimberly</searchLink><br /><searchLink fieldCode="AR" term="%22Cebotari%2C+Aliona%22">Cebotari, Aliona</searchLink><br /><searchLink fieldCode="AR" term="%22Komaromi%2C+Andras%22">Komaromi, Andras</searchLink>
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  Data: eBook.
– Name: Subject
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  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Globalization--Latin+America%22">Globalization--Latin America</searchLink>
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  Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Reference%22">BUSINESS & ECONOMICS / Reference</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Economics+%2F+General%22">BUSINESS & ECONOMICS / Economics / General</searchLink>
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RecordInfo BibRecord:
  BibEntity:
    Classifications:
      – Code: 330.98
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Globalization--Latin America
        Type: general
    Titles:
      – TitleFull: Revisiting the Link Between Trade, Growth and Inequality : Lessons for Latin America and the Caribbean
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Beaton, Kimberly
      – PersonEntity:
          Name:
            NameFull: Cebotari, Aliona
      – PersonEntity:
          Name:
            NameFull: Komaromi, Andras
      – PersonEntity:
          Name:
            NameFull: Beaton, Kimberly
      – PersonEntity:
          Name:
            NameFull: Cebotari, Aliona
      – PersonEntity:
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            NameFull: Komaromi, Andras
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          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2017
            – D: 09
              M: 10
              Type: profile
              Y: 2018
          Identifiers:
            – Type: isbn-print
              Value: 9781475585551
            – Type: isbn-electronic
              Value: 9781475585926
          Titles:
            – TitleFull: Revisiting the Link Between Trade, Growth and Inequality : Lessons for Latin America and the Caribbean
              Type: main
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