Income Distribution and Trade Pattern-Reference-Cited by-同舟云学术

Income Distribution and Trade Pattern

Published:2020-04-01 Issue:1 Volume:71 Page:1-14
ISSN:2366-035X
Container-title:Review of Economics
language:en
Short-container-title:

Author:

Marjit Sugata¹,Oladi Reza²,Roychowdhury Punarjit³

Affiliation:

1. Indian Institute of Foreign Trade , Kolkata , India

2. Department of Applied Economics , Utah State University , 4835 Old Main Hill , Logan , Utah , USA

3. Business School , University of Nottingham , Nottingham , UK

Abstract

Abstract Motivated by recent insights from behavioral economics and social psychology, we present a theory of trade that seeks to explain inter-industry trade between countries that are similar in their production sides, but differ in their income distribution. By assuming status-dependent preferences that are non-homothetic, we show that income inequality differential can be a basis for inter-industry trade between otherwise similar economies.

Publisher

Walter de Gruyter GmbH

Subject

General Economics, Econometrics and Finance

Link

https://www.degruyter.com/document/doi/10.1515/roe-2018-0029/pdf

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