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The paper examines the impact of changes in trade values and FDI inflows on the Gini coefficients for Korea. The empirical evidence shows that the concerned variables can, in general, be assumed to be integrated of order one. Johansen-Juselius cointegration tests reveal that the Gini coefficients tend to increase with trade liberalization measures and FDI inflows. That is, the progress of globalization tends to deteriorate the situation of income inequalities in Korea, which supports the Feenstra-Hanson (1997) hypothesis.

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This paper examines the causality between export expansion and economic growth in China using data covering the period from 1979 to 2001. A model allowing for different orders of integration reveals that they are cointegrated. The results of the error correction model show a bi-directional causality between them, supporting previous findings.