Free Trade Agreements and Inequality
This paper examines the potential effects of Brexit on income inequality in the United Kingdom (UK) and utilizes empirical methods to predict these effects. The study focuses on the impact of trade and Foreign Direct Investment (FDI) on income inequality, using macroeconomic data from 1971 to 2019....
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| Other Authors: | , |
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2024
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| Online Access: | http://hdl.handle.net/11675/12192 http://www.scopus.com/inward/record.url?scp=85198973213&partnerID=8YFLogxK |
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| _version_ | 1870679716687511553 |
|---|---|
| author | Alfalah, Osama |
| author2 | Alhammadi, Abdullah Ali, Mohammad |
| author2_role | author author |
| author_facet | Alfalah, Osama Alhammadi, Abdullah Ali, Mohammad |
| author_role | author |
| dc.creator.none.fl_str_mv | Alfalah, Osama Alhammadi, Abdullah Ali, Mohammad |
| dc.date.none.fl_str_mv | 2024-07-03 2025-03-10T09:16:31Z 2025-03-10T09:16:31Z |
| dc.identifier.none.fl_str_mv | 10.32479/ijefi.15443 http://hdl.handle.net/11675/12192 http://www.scopus.com/inward/record.url?scp=85198973213&partnerID=8YFLogxK |
| dc.publisher.none.fl_str_mv | EconJournals |
| dc.relation.none.fl_str_mv | Department of Finance- CBE International Journal of Economics and Financial Issues |
| dc.title.none.fl_str_mv | Free Trade Agreements and Inequality |
| dc.type.none.fl_str_mv | Journal Article Peer-reviewed info:eu-repo/semantics/publishedVersion |
| description | This paper examines the potential effects of Brexit on income inequality in the United Kingdom (UK) and utilizes empirical methods to predict these effects. The study focuses on the impact of trade and Foreign Direct Investment (FDI) on income inequality, using macroeconomic data from 1971 to 2019. By employing cointegration techniques and an Error Correction Model on annual time series data, the analysis reveals that higher levels of trade have historically reduced income inequality in the UK over the long term. Consequently, changes in trade resulting from Brexit are expected to have a negative influence on the distribution of income and wealth in the UK. On the other hand, the study finds that higher FDI has only had a short-term negative effect on income distribution in the UK. |
| id | AUKR_2ad4388764256fa6367e07c8e30c6be3 |
| identifier_str_mv | 10.32479/ijefi.15443 |
| network_acronym_str | AUKR |
| network_name_str | AU Kuwait Rep |
| oai_identifier_str | oai:dspace.auk.edu.kw:11675/12192 |
| publishDate | 2024 |
| publisher.none.fl_str_mv | EconJournals |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Free Trade Agreements and InequalityAlfalah, OsamaAlhammadi, AbdullahAli, MohammadThis paper examines the potential effects of Brexit on income inequality in the United Kingdom (UK) and utilizes empirical methods to predict these effects. The study focuses on the impact of trade and Foreign Direct Investment (FDI) on income inequality, using macroeconomic data from 1971 to 2019. By employing cointegration techniques and an Error Correction Model on annual time series data, the analysis reveals that higher levels of trade have historically reduced income inequality in the UK over the long term. Consequently, changes in trade resulting from Brexit are expected to have a negative influence on the distribution of income and wealth in the UK. On the other hand, the study finds that higher FDI has only had a short-term negative effect on income distribution in the UK.EconJournals2025-03-10T09:16:31Z2025-03-10T09:16:31Z2024-07-03Journal ArticlePeer-reviewedinfo:eu-repo/semantics/publishedVersion10.32479/ijefi.15443http://hdl.handle.net/11675/12192http://www.scopus.com/inward/record.url?scp=85198973213&partnerID=8YFLogxKDepartment of Finance- CBEInternational Journal of Economics and Financial Issuesoai:dspace.auk.edu.kw:11675/121922025-03-10T09:16:31Z |
| spellingShingle | Free Trade Agreements and Inequality Alfalah, Osama |
| status_str | publishedVersion |
| title | Free Trade Agreements and Inequality |
| title_full | Free Trade Agreements and Inequality |
| title_fullStr | Free Trade Agreements and Inequality |
| title_full_unstemmed | Free Trade Agreements and Inequality |
| title_short | Free Trade Agreements and Inequality |
| title_sort | Free Trade Agreements and Inequality |
| url | http://hdl.handle.net/11675/12192 http://www.scopus.com/inward/record.url?scp=85198973213&partnerID=8YFLogxK |