Globalization–Income Inequality Nexus in the Post-Soviet Countries: Analysis of Heterogeneous Dataset Using the Quantiles via Moments Approach

Deglobalization, as opposed to the term globalization, appears in world order due local solutions problems and border controls, ignoring principles of treaties, trade wars, expansion regionalism. In addition, slowbalization helps shrink global flow trade, information, societal cultural exchange dynamism. However, this scary order, triggered by deglobalization slowbalization, significantly impacts income factors allied nations. Against background, we aim investigate whether proxied influencing magnitudes globalization dimensions (e.g., de facto jure, internet diffusions, openness) impact inequality 12 post-Soviet countries, considering panel data during 1991–2019. To end, apply quantiles via moments approach time-varying connectedness between variables that have country data-centric heterogeneities. Our findings depict is futile affecting countries’ dynamics, negatively affects diverse quantiles. Specifically, (globalized policy-implementation spectrum) diffusions a negative influence on reducing from low medium (q.25–q.75). Globalization jure policy-decision openness are statistically insignificant entire (q.25–q.95), implying likely existence slowbalization. Finally, government expenditures governance quality monotonically at all (q.25–q.95). Therefore, policy suggestions enclose galvanizing potentials curbing keep away distressful phases