Does Trade and Technology Transmission Facilitate Inequality Convergence? An Inquiry into the Role of Technology in Reducing the Poverty of Nations
- Title
- Does Trade and Technology Transmission Facilitate Inequality Convergence? An Inquiry into the Role of Technology in Reducing the Poverty of Nations
- Author
- Gouranga G. Das
- Keywords
- economic growth; price index; WP; total factor productivity
- Issue Date
- 2007-01
- Publisher
- International Monetary Fund
- Citation
- IMF Working Papers, v. 2007, NO. 16, Page. 1-40
- Abstract
- Based on stylized evidence showing variation of the Gini coefficient of income inequality across skill cohorts and on the rapid rise in trade in technology-intensive goods, the ripple effects of technology transmission and income inequality are explored in a global Computable General Equilibrium (CGE) framework. An exogenous technology shock transmitted via trade from the United States induces productivity growth in developing regions. This spillover capture-aided by absorptive capability, better governance and institutions, technological symmetry and social acceptance-causes income to increase and income inequality to decline. The conjoined parameters retard growth's inequality-enhancing effect and thus facilitate long-run convergence of inequality between nations.
- URI
- https://www.elibrary.imf.org/view/journals/001/2007/016/001.2007.issue-016-en.xml?Tabs=contentsummary-102775https://repository.hanyang.ac.kr/handle/20.500.11754/182373
- ISSN
- 1018-5941
- DOI
- 10.5089/9781451865806.001
- Appears in Collections:
- COLLEGE OF BUSINESS AND ECONOMICS[E](경상대학) > ECONOMICS(경제학부) > Articles
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