The Distribution of Gains from Globalization

Abstract

Cover -- CONTENTS -- I. INTRODUCTION -- II. STYLIZED FACTS AND DESCRIPTIVE EVIDENCE -- A. Trends in Globalization -- B. Globalization, Growth, and Inequality -- III. DATA AND METHOD -- A. Measures of Globalization -- B. Dependent Variables -- C. Control Variables -- D. Identification -- IV. RESULTS -- A. Growth: Main Results -- B. Inequality: Main Results -- C. Income Growth by Decile -- D. Channels -- E. Robustness -- V. THE ROLE OF DOMESTIC POLICIES -- VI. CONCLUSION -- VII. REFERENCES -- TABLES -- APPENDICES -- Appendix 1: List of Countries Included in the Analysis -- Appendix 2: Descriptive Statistics and Data Sources -- Appendix 3: Robustness Tests -- FIGURES -- Figure 1: Trends in Economic Globalization -- Figure 2: Collinearity of Globalization Indicators -- Figure 3: Cross-Country Correlations between Globalization, Growth, and Inequality -- Figure 4: Correlation of Changes in Globalization and Growth / Inequality over Time -- Figure 5: Diminishing Marginal Returns to Globalization -- Figure 6: Globalization and Inequality -- Figure 7: Income Growth by Decile - Coefficient Plot -- Figure 8: Globalization and Redistribution -- Figure 9: Globalization, Inequality, and Education Expenditure -- Figure 10: Relative Income Shares (Visualization of Table 10) -- Figure 11: Globalization and Growth: Sensitivity of Coefficients (Jackknife Test) -- Figure 12: Globalization and Inequality: Sensitivity of Coefficients (Jackknife Test) -- TABLES -- Table 1: Collinearity of Globalization Indicators -- Table 2: Growth - Main Results -- Table 3: Inequality - Main Results -- Table 4: Income Growth by Decile -- Table 5: Growth - Channels -- Table 6: Inequality - Channels -- Table 7: Market Gini and Education Spending -- Table 8: Robustness - GDP Figures from Penn World Tables -- Table 9: Robustness - Gini Indices from PovcalNet and All the Ginis.