| dc.description.abstract | This study explores the impact of globalization on income
inequality, using a panel data set collected from 106 developed and
developing nations between 2000 and 2001. Employing feasible generalized
least squares (FGLS) estimation as the baseline estimator, the research uses
the Gini coefficient as a proxy of income inequality and trade openness as a
measure of globalization across various nations. The findings suggest that
variables such as trade openness, GDP per capita, and financial development
are positively associated with income inequality in both developed and
developing nations. However, the impact of other financial and socioeconomic factors on income inequality appears to differ between developed
and developing nations. In the context of developing nations, factors like
urbanization and CO2 emissions were found to have insignificant influence
on income inequality. Conversely, in developed nations, these factors
positively influenced income inequality. This paper also observed that
financial crisis had an insignificant impact on income inequality. The
insights garnered from this research offer useful policy guidance for
governments in the nations surveyed, specifically for strategies aimed at
reducing income inequality. | en_US |
