A note on globalization and income distribution - The case of Korea, 1975-1995

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Abstract

This paper evaluates the hypotheses concerning the impact of globalization on income distribution in Korea. The regression results based on annual data covering the period 1975-1995 show that there is a weak evidence supporting the Kuznets hypothesis. The turning point in the Korean economy is revealed to be between around US $5000 and US $6000. Neither changes in the openness ratios regardless of the measures nor those in the FDI inflows are revealed to be significant in influencing the Gini coefficients. That is, globalization does not influence income distribution in Korea.

Original languageEnglish
Pages (from-to)157-164
Number of pages8
JournalJournal of Asian Economics
Volume14
Issue number1
DOIs
StatePublished - Feb 2003

Bibliographical note

Funding Information:
I wish to express my since thanks to the anonymous referees and the editor of this Journal for very helpful comments on the earlier version of this paper. This was financially supported by Korea Research Foundation (2000-041-C00194).

Keywords

  • Globalization
  • Income distribution
  • Kuznets hypothesis

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