수출비중과 환율이 소득불균등에 미치는 영향

Effects of Export Share and Exchange Rate on Income Inequality

This paper theoretically and empirically examines the dynamic relationship between income inequality, export share and the exchange rate. The paper first theoretically shows that income inequality can worsen in response to a rise in the share of export in GDP if proportional moves both in the capital and in the labor from non-export industry to export industry are not possible. The empirical results generally show that both export shock and exchange rate shock that lead to a depreciation of domestic currency cause a widening of income inequality. To reduce the income inequality, the results suggest that domestic market revitalization and the promotion of SMEs in the export market must be done.