Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/234100 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
ECB Working Paper No. 2546
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of income and the Gini index of inequality). We find that (i) most of our episodes lead to an increase in trade openness (ii) effects on GDP per capita are mostly positive with some interesting exceptions and (iii) there is little evidence that globalisation shocks lead to more inequality.
Schlagwörter: 
globalisation
efficiency
equity
WTO
OECD
EU
financial liberalization
trade integration
JEL: 
F13
F36
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-4546-2
Dokumentart: 
Working Paper

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