@ARTICLE{18168065_1999,
author = {Alderson, Arthur S. and Nielsen, Francois},
keywords = {влияние иностранного капитала на неравенство, иностранный капитал, экономическое неравенство},
title = {Income Inequality, Development, and Dependence: A Reconsideration},
journal = {American Sociological Review},
year = {1999},
month = {},
volume = {64},
number = {4},
pages = {606-616},
url = {http://ecsocman.hse.ru/text/18168065/},
publisher = {},
language = {ru},
abstract = {We reconsider the role of foreign investment in income inequality in
light of recent critiques that question the results of quantitative
cross-national research on foreign capital penetration. We analyze an
unbalanced cross-national data set in which countries contribute
different numbers of observations, with a maximum of 88 countries and
488 observations, dated from 1967 to 1994. Random-effects regression
models that control for unmeasured country heterogeneity are used to
investigate effects of foreign capital penetration on inequality
(measured as the Gini coefficient) against the background of an
internal-developmental model of inequality. We adapt Firebaugh's
(1992, 1996) critique of the literature on the effect of foreign
investment on economic growth to the study of income inequality and
find that the stock of foreign direct investment has an effect on
inequality that is independent of the mechanisms identified by
Firebaugh. We explore Tsai's (1995) claim that the effect of foreign
capital penetration is spurious and find that foreign stock has a
significant positive effect on inequality net of region-specific
differences. An alternative interpretation of the findings of the
foreign investment/inequality literature is discussed in light of the
discovery of an inverted-U shaped relationship between income
inequality and foreign investment stock per capita. We conclude that
thinking on the relationship between income inequality and investment
dependence should be revised in light of an investment-development
path relating the inflow and outflow of foreign capital to economic
development. },
annote = {We reconsider the role of foreign investment in income inequality in
light of recent critiques that question the results of quantitative
cross-national research on foreign capital penetration. We analyze an
unbalanced cross-national data set in which countries contribute
different numbers of observations, with a maximum of 88 countries and
488 observations, dated from 1967 to 1994. Random-effects regression
models that control for unmeasured country heterogeneity are used to
investigate effects of foreign capital penetration on inequality
(measured as the Gini coefficient) against the background of an
internal-developmental model of inequality. We adapt Firebaugh's
(1992, 1996) critique of the literature on the effect of foreign
investment on economic growth to the study of income inequality and
find that the stock of foreign direct investment has an effect on
inequality that is independent of the mechanisms identified by
Firebaugh. We explore Tsai's (1995) claim that the effect of foreign
capital penetration is spurious and find that foreign stock has a
significant positive effect on inequality net of region-specific
differences. An alternative interpretation of the findings of the
foreign investment/inequality literature is discussed in light of the
discovery of an inverted-U shaped relationship between income
inequality and foreign investment stock per capita. We conclude that
thinking on the relationship between income inequality and investment
dependence should be revised in light of an investment-development
path relating the inflow and outflow of foreign capital to economic
development. }
}