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ID 48738
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creator
He, Bing
subject
globalization
regional income inequality
service goods
foot loose capital
endogenous growth
abstract
This paper constructs a footloose capital and endogenous growth model with agriculture, manufacturing, and service goods. We show that globalization increases, decreases, or does not change inequality in the regional income. This is because regional real income is defined as expenditure divided by price index of manufacturing and price of service good. Globalization leads to decreases inequalities in expenditure and price index of service while increases inequality in price of manufacturing goods. Thus, interregional minus intraregional knowledge spillovers in the service goods from manufacturing sector determines the sign of globalization on inequality in regional income.
description
The present work was supported through the Hiroshima University TAOYAKA Program for creating a flexible, enduring, peaceful society, funded by the Program for Leading Graduate Schools, Ministry of Education, Culture, Sports, Science and Technology.
journal title
Journal of International Development and Cooperation
volume
Volume 26
issue
Issue 1-2
start page
61
end page
67
date of issued
2020-03-01
publisher
広島大学大学院国際協力研究科
issn
1341-0903
ncid
language
eng
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
rights
Copyright © 2020 Graduate School for International Development and Cooperation, Hiroshima University. 本紀要の一部・全部を問わず、著作権者(広島大学大学院国際協力研究科)の文章による許諾なし に複写・翻訳することを禁じます。
department
Graduate School for International Development and Cooperation
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