Title:

Theorizing about global imbalances: an inequality perspective

Group publication title:

Argumenta Oeconomica

Creator:

Yin, Yechang ; Sheng, Li

Description:

Argumenta Oeconomica, 2021, Nr 1 (46), s. 169-181

Abstrakt:

Current account imbalances, now manifested as intensified trade wars between countries, have recently received much attention from researchers. This article reviewed this global issue from a new perspective complementary to the existing research. The study proposed a simple economic model and discovered that the current account balance is inversely proportional to the ratio of income to consumption inequality. This ratio combines all consumption smoothing schemes that depend on political interventions that can alleviate increases in income inequality. In the long run, however, current accounts could be consequently affected by a short-sighted policy

Publisher:

Publishing House of Wroclaw University of Economics and Business

Place of publication:

Wroclaw

Date:

2021

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/aoe.2021.1.08

Language:

eng

Relation:

Argumenta Oeconomica, 2021, Nr 1 (46)

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu