The impact of economic openness on standard of living and income inequality in eight countries

Fang Dong

Emerging Markets Review, 2014, vol. 21, issue C, 234-264

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.

Keywords: Capital flows; Financial openness; Poverty; Income inequality; Business cycle (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:21:y:2014:i:c:p:234-264

DOI: 10.1016/j.ememar.2014.09.005

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