Inequality and the structure of countries’ external liabilities
نویسندگان
چکیده
Abstract In this paper, we present empirical evidence that higher income inequality is associated with a greater equity share in countries’ external liabilities, and develop theoretical model can explain observation: small open economy traded non-traded goods, entry barriers depress entrepreneurial activity industries raise inequality. The number of domestic goods firms leaves room for foreign to operate on the market, it reduces borrowing. thus suggests both liabilities. Our results lend some support conjecture.
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ژورنال
عنوان ژورنال: Review of World Economics
سال: 2023
ISSN: ['1610-2878', '1610-2886']
DOI: https://doi.org/10.1007/s10290-023-00499-0