Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244218 
Year of Publication: 
2021
Series/Report no.: 
AGDI Working Paper No. WP/21/043
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
Policy recommendations for building resilient and all-inclusive societies post COVID-19 pandemic continue to dominate the media and research landscapes. However, rigorous empirical content backing such claims, particularly, on both poverty and income inequality, is hard to find. Motivated by the bleak outlook of the Middle East and North Africa (MENA) region, as driven primarily by the floundering hydrocarbon sector, vulnerable employment, and low foreign direct investment, we analyse the poverty and income inequality effects of globalisation and resource allocation in the region. Using data from the World Bank's Poverty and Equity Database for the period 1990-2019, we provide estimates robust to several econometric techniques - the pooled least square, fixed effect, random effect, and the system generalized method of moments estimators to show that: (1) while economic globalisation reduces both poverty and income inequality, social globalisation matters only for income inequality in MENA; (2) economic globalisation is remarkable in reducing income inequality through resource allocation. Policy recommendations are provided in the light of the geopolitical fragility and rise in social globalisation of the region.
Subjects: 
Economic Integration
Financial Deepening
GMM
MENA
Globalisation
Inequality
Poverty
JEL: 
F14
F15
F6
I3
O53
O55
Document Type: 
Working Paper

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