Peripherality, income inequality, and economic development in Latin American countries

IF 16.4 1区 化学 Q1 CHEMISTRY, MULTIDISCIPLINARY
Yoshimichi Murakami, Nobuaki Hamaguchi
{"title":"Peripherality, income inequality, and economic development in Latin American countries","authors":"Yoshimichi Murakami, Nobuaki Hamaguchi","doi":"10.1080/13600818.2021.1880559","DOIUrl":null,"url":null,"abstract":"ABSTRACT Following a neo-structuralist perspective, this study presents a development puzzle for Latin American countries (LACs): a triangular relation amongst peripherality (increased terms-of-trade volatility and technological backwardness), income inequality, and per-capita income. We employ a simultaneous equation model using three-stage least squares (3SLS) to analyse this triangular relation. We find that a decrease in income inequality and an increase in per-capita income were mutually reinforcing in 14 LACs between 1995 and 2014. Although technological progress increases per-capita income, it partly mitigates this increase by increasing income inequality. Additionally, the increasing effects of foreign sources of technology, including foreign direct investment (FDI), on income inequality are mitigated in countries with higher technological capabilities. While an improvement in commodity terms-of-trade expectedly increases per-capita income and decreases income inequality in South American countries, their volatility is mostly insignificant.","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":null,"pages":null},"PeriodicalIF":16.4000,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/13600818.2021.1880559","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/13600818.2021.1880559","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0

Abstract

ABSTRACT Following a neo-structuralist perspective, this study presents a development puzzle for Latin American countries (LACs): a triangular relation amongst peripherality (increased terms-of-trade volatility and technological backwardness), income inequality, and per-capita income. We employ a simultaneous equation model using three-stage least squares (3SLS) to analyse this triangular relation. We find that a decrease in income inequality and an increase in per-capita income were mutually reinforcing in 14 LACs between 1995 and 2014. Although technological progress increases per-capita income, it partly mitigates this increase by increasing income inequality. Additionally, the increasing effects of foreign sources of technology, including foreign direct investment (FDI), on income inequality are mitigated in countries with higher technological capabilities. While an improvement in commodity terms-of-trade expectedly increases per-capita income and decreases income inequality in South American countries, their volatility is mostly insignificant.
拉美国家的外围性、收入不平等与经济发展
摘要:本文从新结构主义的视角出发,提出了拉美国家的一个发展难题:外部性(贸易条件波动加剧和技术落后)、收入不平等和人均收入之间的三角关系。我们采用一个联立方程模型,使用三阶段最小二乘(3SLS)来分析这种三角关系。我们发现,1995年至2014年间,14个拉美国家收入不平等的减少和人均收入的增加是相互促进的。尽管技术进步提高了人均收入,但它通过增加收入不平等在一定程度上缓解了这种增长。此外,外国技术来源,包括外国直接投资(FDI)对收入不平等的日益严重的影响在技术能力较高的国家得到缓解。虽然商品贸易条件的改善预期会增加南美国家的人均收入并减少收入不平等,但其波动性大多微不足道。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
Accounts of Chemical Research
Accounts of Chemical Research 化学-化学综合
CiteScore
31.40
自引率
1.10%
发文量
312
审稿时长
2 months
期刊介绍: Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信