FDI AND INCOME INEQUALITY: EVIDENCE FROM A PANEL OF US STATES

被引：64
|
作者：
Chintrakarn, Pandej [1 ]
Herzer, Dierk [2 ]
Nunnenkamp, Peter [3 ]
机构：
[1] Mahidol Univ Int Coll, Business Adm Div, 999 Salaya, Phutthamonthon 73170, Nakhon Pathom, Thailand
[2] Univ Hamburg, Dept Econ, D-22043 Hamburg, Germany
[3] Kiel Inst World Econ, D-24100 Kiel, Germany
来源：
ECONOMIC INQUIRY | 2012年 / 50卷 / 03期
关键词：
FOREIGN DIRECT-INVESTMENT; MULTINATIONAL-ENTERPRISES; UNITED-STATES; HETEROGENEOUS PANELS; WAGE INEQUALITY; COINTEGRATION; TESTS; MEXICO; GROWTH; SHARES;
D O I：
10.1111/j.1465-7295.2011.00384.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study employs state-level panel data to explore the relationship between inward foreign direct investment (FDI) and income inequality in the United States. Using panel cointegration techniques that allow for cross-sectional heterogeneity and cross-sectional dependence, we find that, in the long run, FDI exerts a significant and robust negative effect on income inequality in the United States. This result for the United States as a whole does not imply that FDI narrows income gaps in each individual state. There is considerable heterogeneity in the long-run effects of FDI on income inequality across states, with some states (21 out of 48 cases) exhibiting a positive relationship between FDI in income inequality.(JEL F21, D31, C23)
引用
收藏
页码：788 / 801
页数：14
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