Please use this identifier to cite or link to this item: http://doi.org/10.25358/openscience-9466
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dc.contributor.authorHarms, Philipp-
dc.contributor.authorHoffmann, Mathias-
dc.contributor.authorKohl, Miriam-
dc.contributor.authorKrahnke, Tobias-
dc.date.accessioned2023-08-28T10:28:33Z-
dc.date.available2023-08-28T10:28:33Z-
dc.date.issued2023-
dc.identifier.urihttps://openscience.ub.uni-mainz.de/handle/20.500.12030/9484-
dc.description.abstractIn this paper, we present empirical evidence that higher income inequality is associated with a greater equity share in countries’ external liabilities, and we develop a theoretical model that can explain this observation: In a small open economy with traded and non-traded goods, entry barriers depress entrepreneurial activity in non-traded industries and raise income inequality. The small number of domestic non-traded goods firms leaves room for foreign firms to operate on the domestic market, and it reduces external borrowing. The model thus suggests that barriers to entrepreneurial activity raise both inequality and the equity share in foreign liabilities. Our empirical results lend some support to this conjecture.en_GB
dc.description.sponsorshipDeutsche Forschungsgemeinschaft (DFG)|491381577|Open-Access-Publikationskosten 2022–2024 Universität Mainz - Universitätsmedizin-
dc.language.isoengde
dc.rightsCC BY*
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/*
dc.subject.ddc330 Wirtschaftde_DE
dc.subject.ddc330 Economicsen_GB
dc.titleInequality and the structure of countries’ external liabilitiesen_GB
dc.typeZeitschriftenaufsatzde
dc.identifier.doihttp://doi.org/10.25358/openscience-9466-
jgu.type.dinitypearticleen_GB
jgu.type.versionPublished versionde
jgu.type.resourceTextde
jgu.organisation.departmentFB 03 Rechts- und Wirtschaftswissenschaftende
jgu.organisation.number2300-
jgu.organisation.nameJohannes Gutenberg-Universität Mainz-
jgu.rights.accessrightsopenAccess-
jgu.journal.titleReview of world economicsde
jgu.journal.volumeVersion of Record (VoR)de
jgu.publisher.year2023-
jgu.publisher.nameSpringerde
jgu.publisher.placeHeidelbergde
jgu.publisher.issn1610-2886de
jgu.organisation.placeMainz-
jgu.subject.ddccode330de
jgu.publisher.doi10.1007/s10290-023-00499-0de
jgu.organisation.rorhttps://ror.org/023b0x485-
Appears in collections:DFG-491381577-H

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