دانلود مقاله ISI انگلیسی شماره 99059
ترجمه فارسی عنوان مقاله

تغییرات نرخ ارز و توزیع درآمد در 41 کشور: تجزیه و تحلیل نامتقارن

عنوان انگلیسی
Exchange rate changes and income distribution in 41 countries: Asymmetry analysis
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
99059 2018 17 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : The Quarterly Review of Economics and Finance, Volume 68, May 2018, Pages 266-282

پیش نمایش مقاله
پیش نمایش مقاله  تغییرات نرخ ارز و توزیع درآمد در 41 کشور: تجزیه و تحلیل نامتقارن

چکیده انگلیسی

Due to the slow adjustment of wages to inflationary effects of currency depreciation, income could be shifted from workers to producers. Could currency appreciation do the opposite? We investigate the asymmetric effects of exchange rate changes on a measure of income distribution in each of the 41 countries for which a GINI coefficient is available. Applying recent asymmetry error-correction modeling and asymmetry cointegration of Shin et al. (2014) provides support for short-run asymmetric effects in 34 countries and long-run asymmetric effects in 22 countries, a unique discovery that was masked by previous research. The asymmetric effects revealed that while depreciations had unequalizing effects in 10 countries, they had equalizing effects in only five countries.