R&D intensity and income inequality in the G7: 1870–2016

Autor:	Sefa Awaworyi Churchill, Russell Smyth, Bin Peng, Quanda Zhang
Rok vydání:	2021
Předmět:	Economics and Econometrics Sociology and Political Science Economic inequality Negatively associated Negative relationship Economics Demographic economics Panel data R&D intensity
Zdroj:	Scottish Journal of Political Economy. 69:263-282
ISSN:	1467-9485 0036-9292
DOI:	10.1111/sjpe.12298
Popis:	We examine how research and development (R&D) has contributed to income inequality in the Group of Seven (G7) 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 legal origin moderates the relationship between R&D and income inequality and that the relationship is stronger for common law countries. We also examine three channels through which R&D could affect income inequality – economic growth, trade and employment – and find that economic growth and trade are mechanisms through which R&D transmits to income inequality. Of these two mediators, we find that the negative relationship between R&D and income inequality is mainly channelling through economic growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7bc4937760d86986c4b647b9e7fba11e https://doi.org/10.1111/sjpe.12298 Zobrazit plný text záznamu