Trade, Infrastruture And Income Inequality In Selected Asian Countries: An Empirical Analysis
Theoretical and empirical works related to international trade are confined to models which have labour and capital as explicit factors of production. Although income inequality and trade openness have been given importance in the literature, the role of quantity and quality infrastructure has barely been investigated in this context. Similarly, growth regressions have highlighted the role of infrastructure and trade openness in economic growth, while inclusive growth has not received much attention. This paper attempts to unravel the interlinkages and interconnections among infrastructure, trade openness and income inequality, using panel data of 14 Asia-Pacific countries at different levels of development.