Abstract
We examine how R&D has contributed to income inequality in the Group of Seven countries from 1870 to 2016. Using newly developed panel data models that incorporate interactive fixed effects, we find that R&D is negatively associated with income inequality. Non-parametric models that allow us to capture the time-varying effect of R&D suggest that this average effect has been negative for most of this period. We find that economic growth and trade are important mechanisms through which R&D transmits to income inequality.
| Original language | English |
|---|---|
| Pages (from-to) | 263-282 |
| Number of pages | 20 |
| Journal | Scottish Journal of Political Economy |
| Volume | 69 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Jul 2022 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 8 Decent Work and Economic Growth -
SDG 10 Reduced Inequalities
Keywords
- G7
- income inequality
- panel data
- R&D
Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver