Globalization and Inequality in Central, Eastern and South Eastern Europe
Globalization and Inequality in Central, Eastern and South Eastern Europe

Author(s): Vladimir Šimić
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Inequality; Globalization; Central; Eastern and South Eastern Europe
Summary/Abstract: The relationship between globalization and inequality has attracted considerable academic attention in recent decades. Despite the numerous attempts to theoretically distinguish the complex globalization-inequality linkages and assess them empirically, the academic literature is far from conclusive. Put differently, the apparent trend of rising income inequality may or may not be a by-product of the unprecedented degree of globalization. The goal of this paper is to examine the globalization-inequality relationship in Central, Eastern and South Eastern Europe. This important relationship is examined empirically through the use of panel data estimates and alternative measures of globalization and inequality. In the group of 16 countries and for the period 1990-2021, a positive impact of the overall KOF index of globalization on inequality is found, with the positive effects also found for economic and social globalization, while the effect of political globalization is not statistically significant.

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