Hatipoglu, Ozan (2008): An Empirical Analysis of the Relationship Between Inequality and Innovation in a Schumpeterian Framework.
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I empirically investigate the non-linear relationship between inequality and innovation in a Schumpeterian setup where growth is expressed by the rate of innovations. In this framework income distribution plays a role in determining the dynamic market sizes for innovators and therefore is a major determinant of growth. By using two new cross-country inequality data sets, I find support for an inverted U-shaped relationship between inequality and innovative activities. This result is robust to two common inequality definitions and several parametric and non-parametric estimation procedures.
|Item Type:||MPRA Paper|
|Original Title:||An Empirical Analysis of the Relationship Between Inequality and Innovation in a Schumpeterian Framework|
|Keywords:||inequality, innovation, patents|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources; Human Development; Income Distribution; Migration
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives
|Depositing User:||Ozan Hatipoglu|
|Date Deposited:||21. Mar 2008 06:09|
|Last Modified:||18. Feb 2013 20:40|
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