Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Income Inequality in Globalization Context: Evidence from Global Data Subject The topic of the resource C33; Economic globalization; F4; F6; Financial openness; Income inequality; O15; Panel estimation; Trade openness Description An account of the resource This paper empirically investigates the relative effectiveness of economic globalization, trade openness, and financial openness on income inequality in low-, middle-, and high-income countries for the panel data over the period from 1991 to 2020 by endogenizing economic growth, urbanization, agriculture, industry, and service sectors value-added as % of GDP as control variables in income inequality function. The results emanating from the panel pooled mean group-autoregressive distributed lag (PMG-ARDL) test provide evidence of a significant long-run relationship among the variables. Interestingly, economic globalization reduces income inequality for high- and middle-income countries and increases it in low-income countries. On the other hand, trade openness reduces income inequality in high- and middle-income countries but increases it for low-income countries. In contrast, financial openness lessens income inequality in low-income countries but increases it for middle- and high-income countries. We find that urbanization increases income inequality in low-, middle- and high-income countries. We also find that economic growth decreases (increases) income inequality in high (middle and low)-income countries. Moreover, it is found that industrial and service sectors output decrease (increases) income inequality in high (middle and low)-income countries, whereas agricultural output improves (deteriorates) income distribution in middle- and low- (high) income countries. In light of these findings, we suggest that the governments of low-income countries need to focus more on improving the level of globalization and trade openness to improve their economic conditions in long run. Both high- and middle-income countries should also improve their financial openness so that effective utilization of overseas finance will flourish their overall economy. The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2023. Creator An entity primarily responsible for making the resource Villanthenkodath M.A.; Pal S.; Mahalik M.K. Source A related resource from which the described resource is derived Journal of the Knowledge Economy, Vol-15, No. 1, pp. 3872-3902. Publisher An entity responsible for making the resource available Springer Date A point or period of time associated with an event in the lifecycle of the resource 2024-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1007/s13132-023-01342-5" target="_blank" rel="noreferrer noopener">https://doi.org/10.1007/s13132-023-01342-5</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85150708530&amp;doi=10.1007%2Fs13132-023-01342-5&amp;partnerID=40&amp;md5=a4095a5e84dc093dead4a1d9840c455b" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85150708530&amp;doi=10.1007%2fs13132-023-01342-5&amp;partnerID=40&amp;md5=a4095a5e84dc093dead4a1d9840c455b</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 18687865 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Villanthenkodath M.A., B. S. Abdur Rahman University, GST Road, Vandalur, Tamil Nadu, Chennai, 600 048, India; Pal S., Department of Humanities and Social Sciences, Indian Institute of Technology Kharagpur, West Bengal, Kharagpur, 721302, India, School of Business and Management, Christ University (Deemed to be University), Karnataka, Bengaluru, 560029, India; Mahalik M.K., Department of Humanities and Social Sciences, Indian Institute of Technology Kharagpur, West Bengal, Kharagpur, 721302, India