International Trade and Wage Inequality in India: Does Direction of Trade Matter?

IF 1.3 Q1 AREA STUDIES

Millennial Asia Pub Date : 2023-07-12 DOI:10.1177/09763996231174541

Pankaj Vashisht

引用次数: 0

Abstract

After following import-substituting policies for nearly three decades, India opted for liberal economic regime in the early 1990s. Since then, it has emerged as one of the fastest growing economies in the world. However, concerns have been raised about the distributional consequences of liberalization. This article attempts to quantify the impact of trade on wage inequality in the Indian manufacturing sector. Estimating a relative wage equation with a panel of 49 manufacturing industries, this article found a positive association between trade and wage disparity in Indian manufacturing, but the association is contingent on the direction of trade. Our results show that after controlling skill-biased technological change and other variables, trade, especially exports to developed and developing countries, has an opposite impact on wage disparity.

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国际贸易与印度工资不平等：贸易方向重要吗？

在遵循进口替代政策近三十年后，印度在20世纪90年代初选择了自由经济体制。从那时起，它已成为世界上增长最快的经济体之一。然而，有人对自由化的分配后果表示关切。本文试图量化贸易对印度制造业工资不平等的影响。本文对49个制造业的相对工资方程进行了估算，发现印度制造业的贸易与工资差距之间存在正相关，但这种关联取决于贸易方向。我们的研究结果表明，在控制了技能偏好的技术变革和其他变量后，贸易，特别是对发达国家和发展中国家的出口，对工资差距产生了相反的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Millennial Asia AREA STUDIES-

CiteScore

4.50

自引率

12.50%

发文量

期刊介绍： Millennial Asia: An International Journal of Asian Studies is a multidisciplinary, refereed biannual journal of the Association of Asia Scholars (AAS)–an association of the alumni of the Asian Scholarship Foundation (ASF). It aims to encourage multifaceted, multidisciplinary and interdisciplinary research on Asia, in order to understand its fast changing context as a growth pole of global economy. By providing a forum for Asian scholars situated globally, it promotes dialogue between the global academic community, civil society and policy makers on Asian issues. The journal examines Asia on a regional and comparative basis, emphasizing patterns and tendencies that go beyond national borders and are globally relevant. Modern and contemporary Asia has witnessed dynamic transformations in cultures, societies, economies and political institutions, among others. It confronts issues of collective identity formation, ecological crisis, rapid economic change and resurgence of religion and communal identifies while embracing globalization. An analysis of past experiences can help produce a deeper understanding of contemporary change. In particular, the journal is interested in locating contemporary changes within a historical perspective, through the use of interdisciplinary and multidisciplinary approaches. This way, it hopes to promote comparative studies involving Asia’s various regions. The journal brings out both thematic and general issues and the thrust areas are: Asian integration, Asian economies, sociology, culture, politics, governance, security, development issues, arts and literature and any other such issue as the editorial board may deem fit. The core fields include development encompassing agriculture, industry, regional trade, social sectors like health and education and development policy across the region and in specific countries in a comparative perspective.