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China's WTO accession and income inequality in European regions: External pressure and internal adjustments
[Zeitschriftenartikel]
Abstract Exports from China have surged substantially since its accession to the World Trade Organization in 2001. We investigate how this expansion affected income inequality within European regions by separating the trade pressure experienced in external and domestic markets, as well as exploring the impor... mehr
Exports from China have surged substantially since its accession to the World Trade Organization in 2001. We investigate how this expansion affected income inequality within European regions by separating the trade pressure experienced in external and domestic markets, as well as exploring the importance of several economic mechanisms. Despite some intermediate adjustments, softening the influence of Chinese pressure and even facilitating European exports, we establish a significant increase of inequality that is concentrated mostly in the lower part of regional income distributions. We determine a significant channeling of the trade pressure to income inequality through the shrinking manufacturing sector, the increasing unemployment rate, and the technological upgrade of manufacturing exports, together with an increasing demand for better-qualified labor.... weniger
Thesaurusschlagwörter
China; EU; Globalisierung; Region; Handel; Einkommensunterschied; Export; Außenhandel; Expansionspolitik
Klassifikation
Einkommenspolitik, Lohnpolitik, Tarifpolitik, Vermögenspolitik
Volkswirtschaftstheorie
Freie Schlagwörter
European Community Household Panel (ECHP); European Union Statistics on Income and Living Conditions (EU-SILC)
Sprache Dokument
Englisch
Publikationsjahr
2021
Seitenangabe
S. 34-53
Zeitschriftentitel
Economic Analysis and Policy, 69 (2021)
DOI
https://doi.org/10.1016/j.eap.2020.11.006
ISSN
0313-5926
Status
Veröffentlichungsversion; begutachtet (peer reviewed)