Increasing Income Inequality Through Globalization And Financialization: Evidence From OECD Countries

Authors

  • Muhammad Budi Utama Universitas Islam Negeri Sunan Kalijaga
  • Miftakhul Choiti Universitas Islam Negeri Sunan Kalijaga Yogyakarta

DOI:

https://doi.org/10.22219/jie.v8i03.34252

Keywords:

globalization, financialization, digital technology, OECD

Abstract

Globalization, financialization, and digital technology are expected to help economic sectors run more effectively so that they can be distributed to a country's people, which will reduce inequality. However, this is not the case in some countries, where globalization, financialization, and digital technology can worsen income inequality. Therefore, this study aims to see how far globalization and financialization can reduce income inequality by adding the effect of digital technology. This study was conducted in 10 OECD countries for 12 years, starting from 2010-2021, and was processed using the Eviews statistical tool. The results show that globalization worsens income inequality in OECD countries, financialization can reduce income inequality, and digital technology impacts income inequality in OECD countries.

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Published

2024-07-21

How to Cite

Muhammad Budi Utama, & Miftakhul Choiti. (2024). Increasing Income Inequality Through Globalization And Financialization: Evidence From OECD Countries. Jurnal Ilmu Ekonomi JIE, 8(03), 233–242. https://doi.org/10.22219/jie.v8i03.34252