Institutions and trade-related inequality

Hartwell, Christopher

doi:10.1002/ijfe.2319

Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-22508

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DC Field	Value	Language
dc.contributor.author	Hartwell, Christopher	-
dc.date.accessioned	2021-05-20T13:38:43Z	-
dc.date.available	2021-05-20T13:38:43Z	-
dc.date.issued	2020-10-20	-
dc.identifier.issn	1076-9307	de_CH
dc.identifier.issn	1099-1158	de_CH
dc.identifier.uri	https://digitalcollection.zhaw.ch/handle/11475/22508	-
dc.description.abstract	Trade liberalization is famously known for both creating winners and losers via processes of dislocation, sectoral reallocation, and specialization. This paper studies the conditions under which excess “losers” are generated during the process of liberalization with a focus on the role of institutions in economic transition. I contend that poor institutions, in particular property rights and democracy, can create unnecessary hardship in the transition to greater openness, generating a much higher burden on compensatory policies and making it more difficult to sustain open trade policies. Using a new dataset of trade openness, economic inequality, and institutions, and using 3SLS estimation to account for endogeneity, the analysis finds that this is indeed the case: high property rights and more democracy appear to help to mitigate trade-related inequality. Moreover, poor institutions create a downward spiral, with greater inequality leading to lower trade openness. These results imply that basic institutions can help to minimize losses sparked by globalization, while other well-meaning policies can actually increase disruptions.	de_CH
dc.language.iso	en	de_CH
dc.publisher	Wiley	de_CH
dc.relation.ispartof	International Journal of Finance & Economics	de_CH
dc.rights	http://creativecommons.org/licenses/by/4.0/	de_CH
dc.subject	Democracy	de_CH
dc.subject	Globalization	de_CH
dc.subject	Inequality	de_CH
dc.subject	Institution	de_CH
dc.subject.ddc	337: Weltwirtschaft und Handel	de_CH
dc.title	Institutions and trade-related inequality	de_CH
dc.type	Beitrag in wissenschaftlicher Zeitschrift	de_CH
dcterms.type	Text	de_CH
zhaw.departement	School of Management and Law	de_CH
zhaw.organisationalunit	International Management Institute (IMI)	de_CH
dc.identifier.doi	10.1002/ijfe.2319	de_CH
dc.identifier.doi	10.21256/zhaw-22508	-
zhaw.funding.eu	No	de_CH
zhaw.issue	3	de_CH
zhaw.originated.zhaw	No	de_CH
zhaw.pages.end	3264	de_CH
zhaw.pages.start	3246	de_CH
zhaw.publication.status	publishedVersion	de_CH
zhaw.volume	27	de_CH
zhaw.publication.review	Peer review (Publikation)	de_CH
zhaw.webfeed	W: Spitzenpublikation	de_CH
zhaw.author.additional	No	de_CH
zhaw.display.portrait	Yes	de_CH
Appears in collections:	Publikationen School of Management and Law

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Hartwell, C. (2020). Institutions and trade-related inequality. International Journal of Finance & Economics, 27(3), 3246–3264. https://doi.org/10.1002/ijfe.2319

Hartwell, C. (2020) ‘Institutions and trade-related inequality’, International Journal of Finance & Economics, 27(3), pp. 3246–3264. Available at: https://doi.org/10.1002/ijfe.2319.

C. Hartwell, “Institutions and trade-related inequality,” International Journal of Finance & Economics, vol. 27, no. 3, pp. 3246–3264, Oct. 2020, doi: 10.1002/ijfe.2319.

HARTWELL, Christopher, 2020. Institutions and trade-related inequality. International Journal of Finance & Economics. 20 Oktober 2020. Bd. 27, Nr. 3, S. 3246–3264. DOI 10.1002/ijfe.2319

Hartwell, Christopher. 2020. “Institutions and Trade-Related Inequality.” International Journal of Finance & Economics 27 (3): 3246–64. https://doi.org/10.1002/ijfe.2319.

Hartwell, Christopher. “Institutions and Trade-Related Inequality.” International Journal of Finance & Economics, vol. 27, no. 3, Oct. 2020, pp. 3246–64, https://doi.org/10.1002/ijfe.2319.