| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14137 |
| DP14137 Globalization, Redistribution, and the Size of Government | |
| Raphael Espinoza; Jonathan D. Ostry; Xiaoxiao Zhang | |
| 发表日期 | 2019-11-20 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper investigates how trade and financial globalization affect government decisions to redistribute via spending and taxation, using a large panel covering around 100 democratic countries over the period 1970-2015. We use a time-varying external instrument in regressions with fixed and time effects in order to overcome endogeneity concerns that have plagued the earlier literature. Our findings support the view that more open economies have bigger governments. The paper also examines the impact of globalization on different types of social spending and taxes. We find that trade openness increases the tax burden on labor income and reduces the tax burden on capital income and that financial openness reduces corporate income tax rates. In addition, exposure to trade pushes governments to spend more on labor programs and family benefits. Finally, the paper does not find that political institutions affect the sensitivity of public spending to globalization. |
| 主题 | Development Economics ; International Macroeconomics and Finance ; Macroeconomics and Growth ; Public Economics |
| 关键词 | Trade openness Government size Redistribution Financial liberalization |
| URL | https://cepr.org/publications/dp14137 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543026 |
| 推荐引用方式 GB/T 7714 | Raphael Espinoza,Jonathan D. Ostry,Xiaoxiao Zhang. DP14137 Globalization, Redistribution, and the Size of Government. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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