Does Trade and Technology Transmission Facilitate Inequality Convergence? An Inquiry into the Role of Technology in Reducing the Poverty of Nations
- Authors
- DAS, Gouranga
- Issue Date
- Jan-2007
- Publisher
- International Monetary Fund
- Keywords
- WP; total factor productivity; economic growth; price index
- Citation
- IMF Working Papers, v.2007, no.16, pp.1 - 40
- Indexed
- OTHER
- Journal Title
- IMF Working Papers
- Volume
- 2007
- Number
- 16
- Start Page
- 1
- End Page
- 40
- URI
- https://scholarworks.bwise.kr/erica/handle/2021.sw.erica/43911
- DOI
- 10.5089/9781451865806.001
- ISSN
- 1018-5941
- 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.
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