Preprint
Towards the Reversal of Poverty and Income Inequality Setbacks Due to COVID-19: The Role of Globalisation and Resource Allocation
Policy recommendations for building resilient and all-inclusive societies post COVID-19 pandemic continue to dominate the media and research landscapes. However, rigorous empirical content backing such claims, particularly, on both poverty and income inequality, is hard to find. Motivated by the bleak outlook of the Middle East and North Africa (MENA) region, as driven primarily by the floundering hydrocarbon sector, vulnerable employment, and low foreign direct investment, we analyse the poverty and income inequality effects of globalisation and resource allocation in the region. Using data from the World Bank’s Poverty and Equity Database for the period 1990–2019, we provide estimates robust to several econometric techniques- the pooled least square, fixed effect, random effect, and the system generalized method of moments estimators to show that: (1) while economic globalisation reduces both poverty and income inequality, social globalisation matters only for income inequality in MENA; (2) economic globalisation is remarkable in reducing income inequality through resource allocation. Policy recommendations are provided in the light of the geopolitical fragility and rise in social globalisation of the region.
- Language
-
Englisch
- Bibliographic citation
-
Series: EXCAS Working Paper ; No. 21/043
- Classification
-
Wirtschaft
Empirical Studies of Trade
Economic Integration
Economywide Country Studies: Asia including Middle East
Economywide Country Studies: Africa
- Subject
-
Economic Integration
Financial Deepening
GMM
MENA
Globalisation
Inequality
Poverty
- Event
-
Geistige Schöpfung
- (who)
-
Ofori, Isaac Kwesi
Armah, Mark Kojo
Asmah, Emmanuel E.
- Event
-
Veröffentlichung
- (who)
-
ZBW - Leibniz Information Centre for Economics
- (where)
-
Kiel, Hamburg
- (when)
-
2021
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Preprint
Associated
- Ofori, Isaac Kwesi
- Armah, Mark Kojo
- Asmah, Emmanuel E.
- ZBW - Leibniz Information Centre for Economics
Time of origin
- 2021
Other Objects (12)
The political connotation of international trade and globalisation: a common misunderstanding
Internal Capital Markets and Diversified Firms: Theory and Practice
Formal and informal volunteering and health across European countries
Aki and Friends
Migration and social mobility within and between countries and its economic consequences in the period of globalization
Imperialism and Financialism. A Story of a Nexus (Revised and Expanded)
Payroll Tax and Welfare
Fractionalization and Entrepreneurial Activities
Emotions and Economic Preference
Fairness in International Trade Policy: Equality and Differential Treatment in Theory and Practice
European Union’s SPS and TBT Measures, Gender Specific Obstacles and Agricultural Employment
Aggregation with sequential indivisible and continuous labor supply decisions and an informal sector
The political connotation of international trade and globalisation: a common misunderstanding
Internal Capital Markets and Diversified Firms: Theory and Practice
Formal and informal volunteering and health across European countries
Aki and Friends
Migration and social mobility within and between countries and its economic consequences in the period of globalization
Imperialism and Financialism. A Story of a Nexus (Revised and Expanded)
Payroll Tax and Welfare
Fractionalization and Entrepreneurial Activities
Emotions and Economic Preference
Fairness in International Trade Policy: Equality and Differential Treatment in Theory and Practice
European Union’s SPS and TBT Measures, Gender Specific Obstacles and Agricultural Employment
Aggregation with sequential indivisible and continuous labor supply decisions and an informal sector
The political connotation of international trade and globalisation: a common misunderstanding
Internal Capital Markets and Diversified Firms: Theory and Practice
Formal and informal volunteering and health across European countries
Aki and Friends
Migration and social mobility within and between countries and its economic consequences in the period of globalization
Imperialism and Financialism. A Story of a Nexus (Revised and Expanded)
Payroll Tax and Welfare
Fractionalization and Entrepreneurial Activities
Emotions and Economic Preference
Fairness in International Trade Policy: Equality and Differential Treatment in Theory and Practice
European Union’s SPS and TBT Measures, Gender Specific Obstacles and Agricultural Employment