TY - JOUR
T1 - Let Them Eat Cake: A Study of the Income Effects of Globalization on the Rich
AU - Saadatmand, Yassaman
AU - Farquhar, Justin
PY - 2016/2/1
Y1 - 2016/2/1
N2 - There exists a substantial body of literature on the effects of Globalization on the poor populations of the world (Hall & Bass, 2010; Tran, 2010; Harrison & McMillan, 2006), but little exists on the effects of globalization on the rich. The model presented here serves to provide some insight into this other spectrum of the effects of globalization. The results indicate that, while economic and cultural globalization increase the income share held by the top twenty-percent of income earners, political globalization and restrictions to globalization decrease the income share held by this quintile.
AB - There exists a substantial body of literature on the effects of Globalization on the poor populations of the world (Hall & Bass, 2010; Tran, 2010; Harrison & McMillan, 2006), but little exists on the effects of globalization on the rich. The model presented here serves to provide some insight into this other spectrum of the effects of globalization. The results indicate that, while economic and cultural globalization increase the income share held by the top twenty-percent of income earners, political globalization and restrictions to globalization decrease the income share held by this quintile.
KW - Cake
KW - Eat
KW - Globalization
KW - Income effects
KW - Rich
KW - Study
KW - Them
UR - https://digitalcommons.georgiasouthern.edu/economics-facpubs/36
UR - http://www.academicstar.us/UploadFile/Picture/2016-6/201668111155866.pdf
U2 - 10.15341/jbe(2155-7950)/02.07.2016/003
DO - 10.15341/jbe(2155-7950)/02.07.2016/003
M3 - Article
VL - 7
JO - Journal of Business and Economics
JF - Journal of Business and Economics
ER -