Oil Trade Rents and International Income Inequality

This paper investigates the role of oil rents as implicit transfers that redistribute global income through international trade channels. It involves estimating these rents, calculating the redistributive effect, exploring the role of exports and imports and the different impact depending on income...

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Detalhes bibliográficos
Autores: Garzón Gordón, Antonio José, Hierro Recio, Luis Ángel, Apergis, Nicholas
Formato: artículo
Fecha de publicación:2021
País:España
Recursos:Universidad de Huelva (UHU)
Repositorio:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglés
OAI Identifier:oai:ariasmontano.uhu.es:10272/20094
Acesso em linha:http://hdl.handle.net/10272/20094
Access Level:acceso abierto
Palavra-chave:Income inequality
International trade
Oil rents
Redistribution
Desigualdad de la renta
Comercio internacional
Rentas del petróleo
Redistribución
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spelling Oil Trade Rents and International Income InequalityRentas del comercio de petróleo y la desigualdad internacional de la rentaGarzón Gordón, Antonio JoséHierro Recio, Luis ÁngelApergis, NicholasIncome inequalityInternational tradeOil rentsRedistributionDesigualdad de la rentaComercio internacionalRentas del petróleoRedistribuciónThis paper investigates the role of oil rents as implicit transfers that redistribute global income through international trade channels. It involves estimating these rents, calculating the redistributive effect, exploring the role of exports and imports and the different impact depending on income per capita. The results document that (i) implicit international oil trade rents lead to a positive but declining reduction in international income inequality, although it becomes regressive after 2001 using PPP income estimates; (ii) redistribution is basically generated via exports, with imports playing a minor role; and (iii) international oil rents have a greater impact on the countries in the lowest deciles. The novelty of this work is that, for the first time, the international redistributive effect of oil rents is studied, by introducing the concept of implicit transfers in international trade, which opens up new fields of research in the area of global income inequalityUniversidad de Huelva20212021-01-0120212021-01-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10272/20094reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelvainstname:Universidad de Huelva (UHU)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:ariasmontano.uhu.es:10272/200942026-06-02T14:58:11Z
dc.title.none.fl_str_mv Oil Trade Rents and International Income Inequality
Rentas del comercio de petróleo y la desigualdad internacional de la renta
title Oil Trade Rents and International Income Inequality
spellingShingle Oil Trade Rents and International Income Inequality
Garzón Gordón, Antonio José
Income inequality
International trade
Oil rents
Redistribution
Desigualdad de la renta
Comercio internacional
Rentas del petróleo
Redistribución
title_short Oil Trade Rents and International Income Inequality
title_full Oil Trade Rents and International Income Inequality
title_fullStr Oil Trade Rents and International Income Inequality
title_full_unstemmed Oil Trade Rents and International Income Inequality
title_sort Oil Trade Rents and International Income Inequality
dc.creator.none.fl_str_mv Garzón Gordón, Antonio José
Hierro Recio, Luis Ángel
Apergis, Nicholas
author Garzón Gordón, Antonio José
author_facet Garzón Gordón, Antonio José
Hierro Recio, Luis Ángel
Apergis, Nicholas
author_role author
author2 Hierro Recio, Luis Ángel
Apergis, Nicholas
author2_role author
author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv Income inequality
International trade
Oil rents
Redistribution
Desigualdad de la renta
Comercio internacional
Rentas del petróleo
Redistribución
topic Income inequality
International trade
Oil rents
Redistribution
Desigualdad de la renta
Comercio internacional
Rentas del petróleo
Redistribución
description This paper investigates the role of oil rents as implicit transfers that redistribute global income through international trade channels. It involves estimating these rents, calculating the redistributive effect, exploring the role of exports and imports and the different impact depending on income per capita. The results document that (i) implicit international oil trade rents lead to a positive but declining reduction in international income inequality, although it becomes regressive after 2001 using PPP income estimates; (ii) redistribution is basically generated via exports, with imports playing a minor role; and (iii) international oil rents have a greater impact on the countries in the lowest deciles. The novelty of this work is that, for the first time, the international redistributive effect of oil rents is studied, by introducing the concept of implicit transfers in international trade, which opens up new fields of research in the area of global income inequality
publishDate 2021
dc.date.none.fl_str_mv 2021
2021-01-01
2021
2021-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10272/20094
url http://hdl.handle.net/10272/20094
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de Huelva
publisher.none.fl_str_mv Universidad de Huelva
dc.source.none.fl_str_mv reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelva
instname:Universidad de Huelva (UHU)
instname_str Universidad de Huelva (UHU)
reponame_str Arias Montano. Repositorio Institucional de la Universidad de Huelva
collection Arias Montano. Repositorio Institucional de la Universidad de Huelva
repository.name.fl_str_mv
repository.mail.fl_str_mv
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