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(PDF) Income Inequality, Innovation and Human capital Nexus | Lakhwinder Singh and Zemed Degu Mangesha - Academia.edu

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Economic theory of income inequality-innovation nexus and empirical evidence are counter intuitive. Therefore, the present study attempts to" /> <meta name="twitter:image" content="https://0.academia-photos.com/1514185/3247365/3821691/s200_lakhwinder.singh.jpg" /> <meta property="fb:app_id" content="2369844204" /> <meta property="og:type" content="article" /> <meta property="og:url" content="https://www.academia.edu/104150174/Income_Inequality_Innovation_and_Human_capital_Nexus" /> <meta property="og:title" content="Income Inequality, Innovation and Human capital Nexus" /> <meta property="og:image" content="http://a.academia-assets.com/images/open-graph-icons/fb-paper.gif" /> <meta property="og:description" content="Global economy has shown a rising income inequality as well as increasing the influence of innovations. Economic theory of income inequality-innovation nexus and empirical evidence are counter intuitive. Therefore, the present study attempts to" /> <meta property="article:author" content="https://punjabiuniversity.academia.edu/LakhwinderSingh" /> <meta property="article:author" content="https://independent.academia.edu/ZemedDeguMangesha" /> <meta name="description" content="Global economy has shown a rising income inequality as well as increasing the influence of innovations. Economic theory of income inequality-innovation nexus and empirical evidence are counter intuitive. Therefore, the present study attempts to" /> <title>(PDF) Income Inequality, Innovation and Human capital Nexus | Lakhwinder Singh and Zemed Degu Mangesha - Academia.edu</title> <link rel="canonical" href="https://www.academia.edu/104150174/Income_Inequality_Innovation_and_Human_capital_Nexus" /> <script async src="https://www.googletagmanager.com/gtag/js?id=G-5VKX33P2DS"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-5VKX33P2DS', { cookie_domain: 'academia.edu', send_page_view: false, }); gtag('event', 'page_view', { 'controller': "single_work", 'action': "show", 'controller_action': 'single_work#show', 'logged_in': 'false', 'edge': 'unknown', // Send nil if there is no A/B test bucket, in case some records get logged // with missing data - that way we can distinguish between the two cases. // ab_test_bucket should be of the form <ab_test_name>:<bucket> 'ab_test_bucket': null, }) </script> <script> var $controller_name = 'single_work'; var $action_name = "show"; var $rails_env = 'production'; var $app_rev = '9387f500ddcbb8d05c67bef28a2fe0334f1aafb8'; var $domain = 'academia.edu'; var $app_host = "academia.edu"; var $asset_host = "academia-assets.com"; var $start_time = new Date().getTime(); var $recaptcha_key = "6LdxlRMTAAAAADnu_zyLhLg0YF9uACwz78shpjJB"; var $recaptcha_invisible_key = "6Lf3KHUUAAAAACggoMpmGJdQDtiyrjVlvGJ6BbAj"; var $disableClientRecordHit = false; </script> <script> window.require = { config: function() { return function() {} } } </script> <script> window.Aedu = window.Aedu || {}; window.Aedu.hit_data = null; window.Aedu.serverRenderTime = new Date(1733036109000); window.Aedu.timeDifference = new Date().getTime() - 1733036109000; </script> <script type="application/ld+json">{"@context":"https://schema.org","@type":"ScholarlyArticle","abstract":"Global economy has shown a rising income inequality as well as increasing the influence of innovations. Economic theory of income inequality-innovation nexus and empirical evidence are counter intuitive. Therefore, the present study attempts to examine a comparative analysis of income inequality, innovation and human capital relationship among the 15 Asia-Pacific countries using time\u0002series data from 1990 to 2020. The study employs the Augmented Dickey-Fuller and Phillips-Perron unit root test methods to examine the stationarity of variables and the ARDL bounds co-integration approach to estimate the long run relationship between income inequality, innovation and human capital development. Results of the bounds co-integration test indicated that there is a long run equilibrium relationship between income inequality, innovation and human capital in both models with interaction term and without interaction term for all the 15 countries. With human capital as a mediating variable, findings of the long run ARDL model indicated that innovation variable adversely affects income inequality across countries and over time in majority of the sampled countries. This study examined the innovation-inequality connection over time and unraveled the puzzle why innovations generate income inequality in some countries but not in others. Therefore, it is suggested that there is a dire need to relook at the innovation system that should use both bottom-up and top-down approach with a right mix to have an impact on the reduction of income inequality in the long run.","author":[{"@context":"https://schema.org","@type":"Person","name":"Lakhwinder Singh"},{"@context":"https://schema.org","@type":"Person","name":"Zemed Degu Mangesha"}],"contributor":[{"@context":"https://schema.org","@type":"Person","name":"Zemed Degu Mangesha"}],"dateCreated":"2023-07-02","dateModified":"2023-07-10","datePublished":"2023-01-01","headline":"Income Inequality, Innovation and Human capital Nexus","inLanguage":"en","keywords":["Asia Pacific Region","Inequality (Economics)","Human Capital Development","economics of R\u0026D, innovations"],"locationCreated":null,"publication":"Seoul Journal of Economics","publisher":{"@context":"https://schema.org","@type":"Organization","name":null},"image":null,"thumbnailUrl":null,"url":"https://www.academia.edu/104150174/Income_Inequality_Innovation_and_Human_capital_Nexus","sourceOrganization":[{"@context":"https://schema.org","@type":"EducationalOrganization","name":"punjabiuniversity"},{"@context":"https://schema.org","@type":"EducationalOrganization","name":null}]}</script><link rel="stylesheet" media="all" href="//a.academia-assets.com/assets/single_work_page/loswp-102fa537001ba4d8dcd921ad9bd56c474abc201906ea4843e7e7efe9dfbf561d.css" /><link rel="stylesheet" media="all" href="//a.academia-assets.com/assets/design_system/body-8d679e925718b5e8e4b18e9a4fab37f7eaa99e43386459376559080ac8f2856a.css" /><link rel="stylesheet" media="all" href="//a.academia-assets.com/assets/design_system/button-3cea6e0ad4715ed965c49bfb15dedfc632787b32ff6d8c3a474182b231146ab7.css" /><link rel="stylesheet" media="all" 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Economic theory of \nincome inequality-innovation nexus and empirical evidence are \ncounter intuitive. Therefore, the present study attempts to examine \na comparative analysis of income inequality, innovation and human \ncapital relationship among the 15 Asia-Pacific countries using time\u0002series data from 1990 to 2020. The study employs the Augmented \nDickey-Fuller and Phillips-Perron unit root test methods to examine \nthe stationarity of variables and the ARDL bounds co-integration \napproach to estimate the long run relationship between income \ninequality, innovation and human capital development. Results of \nthe bounds co-integration test indicated that there is a long run \nequilibrium relationship between income inequality, innovation and \nhuman capital in both models with interaction term and without \ninteraction term for all the 15 countries. With human capital as a \nmediating variable, findings of the long run ARDL model indicated \nthat innovation variable adversely affects income inequality across \ncountries and over time in majority of the sampled countries. This \nstudy examined the innovation-inequality connection over time and \nunraveled the puzzle why innovations generate income inequality \nin some countries but not in others. Therefore, it is suggested that \nthere is a dire need to relook at the innovation system that should \nuse both bottom-up and top-down approach with a right mix to \nhave an impact on the reduction of income inequality in the long \nrun. ","publication_date":"2023,,","publication_name":"Seoul Journal of Economics"},"document_type":"paper","pre_hit_view_count_baseline":null,"quality":"high","language":"en","title":"Income Inequality, Innovation and Human capital Nexus","broadcastable":false,"draft":false,"has_indexable_attachment":true,"indexable":true}}["work"]; window.loswp.workCoauthors = [276612958,1514185]; window.loswp.locale = "en"; window.loswp.countryCode = "SG"; window.loswp.cwvAbTestBucket = ""; window.loswp.designVariant = "ds_vanilla"; window.loswp.fullPageMobileSutdModalVariant = "full_page_mobile_sutd_modal"; window.loswp.useOptimizedScribd4genScript = false; window.loswp.appleClientId = 'edu.academia.applesignon';</script><script defer="" src="https://accounts.google.com/gsi/client"></script><div class="ds-loswp-container"><div class="ds-work-card--grid-container"><div class="ds-work-card--container js-loswp-work-card"><div class="ds-work-card--cover"><div class="ds-work-cover--wrapper"><div class="ds-work-cover--container"><button class="ds-work-cover--clickable js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;swp-splash-paper-cover&quot;,&quot;attachmentId&quot;:103952910,&quot;attachmentType&quot;:&quot;pdf&quot;}"><img alt="First page of “Income Inequality, Innovation and Human capital Nexus”" class="ds-work-cover--cover-thumbnail" src="https://0.academia-photos.com/attachment_thumbnails/103952910/mini_magick20230702-1-aey731.png?1688309479" /><img alt="PDF Icon" class="ds-work-cover--file-icon" src="//a.academia-assets.com/assets/single_work_splash/adobe.icon-574afd46eb6b03a77a153a647fb47e30546f9215c0ee6a25df597a779717f9ef.svg" /><div class="ds-work-cover--hover-container"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span><p>Download Free PDF</p></div><div class="ds-work-cover--ribbon-container">Download Free PDF</div><div class="ds-work-cover--ribbon-triangle"></div></button></div></div></div><div class="ds-work-card--work-information"><h1 class="ds-work-card--work-title">Income Inequality, Innovation and Human capital Nexus</h1><div class="ds-work-card--work-authors ds-work-card--detail"><a class="ds-work-card--author js-wsj-grid-card-author ds2-5-body-md ds2-5-body-link" data-author-id="276612958" href="https://independent.academia.edu/ZemedDeguMangesha"><img alt="Profile image of Zemed Degu Mangesha" class="ds-work-card--author-avatar" src="//a.academia-assets.com/images/s65_no_pic.png" />Zemed Degu Mangesha</a><a class="ds-work-card--author js-wsj-grid-card-author ds2-5-body-md ds2-5-body-link" data-author-id="1514185" href="https://punjabiuniversity.academia.edu/LakhwinderSingh"><img alt="Profile image of Lakhwinder Singh" class="ds-work-card--author-avatar" src="https://0.academia-photos.com/1514185/3247365/3821691/s65_lakhwinder.singh.jpg" />Lakhwinder Singh</a></div><div class="ds-work-card--detail"><p class="ds-work-card--detail ds2-5-body-sm">2023, Seoul Journal of Economics</p><a class="js-loswp-work-card-doi-link ds2-5-body-sm ds2-5-body-link" href="https://doi.org/10.22904/sje.2023.36.1.001" rel="nofollow">https://doi.org/10.22904/sje.2023.36.1.001</a><div class="ds-work-card--work-metadata"><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">visibility</span><p class="ds2-5-body-sm" id="work-metadata-view-count">…</p></div><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">description</span><p class="ds2-5-body-sm">51 pages</p></div><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">link</span><p class="ds2-5-body-sm">1 file</p></div></div><script>(async () => { const workId = 104150174; const worksViewsPath = "/v0/works/views?subdomain_param=api&amp;work_ids%5B%5D=104150174"; const getWorkViews = async (workId) => { const response = await fetch(worksViewsPath); if (!response.ok) { throw new Error('Failed to load work views'); } const data = await response.json(); return data.views[workId]; }; // Get the view count for the work - we send this immediately rather than waiting for // the DOM to load, so it can be available as soon as possible (but without holding up // the backend or other resource requests, because it's a bit expensive and not critical). const viewCount = await getWorkViews(workId); const updateViewCount = (viewCount) => { const viewCountNumber = Number(viewCount); if (!viewCountNumber) { throw new Error('Failed to parse view count'); } const commaizedViewCount = viewCountNumber.toLocaleString(); const viewCountBody = document.getElementById('work-metadata-view-count'); if (viewCountBody) { viewCountBody.textContent = `${commaizedViewCount} views`; } else { throw new Error('Failed to find work views element'); } }; // If the DOM is still loading, wait for it to be ready before updating the view count. if (document.readyState === "loading") { document.addEventListener('DOMContentLoaded', () => { updateViewCount(viewCount); }); // Otherwise, just update it immediately. } else { updateViewCount(viewCount); } })();</script></div><p class="ds-work-card--work-abstract ds-work-card--detail ds2-5-body-md">Global economy has shown a rising income inequality as well as increasing the influence of innovations. Economic theory of income inequality-innovation nexus and empirical evidence are counter intuitive. Therefore, the present study attempts to examine a comparative analysis of income inequality, innovation and human capital relationship among the 15 Asia-Pacific countries using timeseries data from 1990 to 2020. The study employs the Augmented Dickey-Fuller and Phillips-Perron unit root test methods to examine the stationarity of variables and the ARDL bounds co-integration approach to estimate the long run relationship between income inequality, innovation and human capital development. Results of the bounds co-integration test indicated that there is a long run equilibrium relationship between income inequality, innovation and human capital in both models with interaction term and without interaction term for all the 15 countries. With human capital as a mediating variable, findings of the long run ARDL model indicated that innovation variable adversely affects income inequality across countries and over time in majority of the sampled countries. This study examined the innovation-inequality connection over time and unraveled the puzzle why innovations generate income inequality in some countries but not in others. Therefore, it is suggested that there is a dire need to relook at the innovation system that should use both bottom-up and top-down approach with a right mix to have an impact on the reduction of income inequality in the long run. </p><div class="ds-work-card--button-container"><button class="ds2-5-button js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;continue-reading-button--work-card&quot;,&quot;attachmentId&quot;:103952910,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;workUrl&quot;:&quot;https://www.academia.edu/104150174/Income_Inequality_Innovation_and_Human_capital_Nexus&quot;}">See full PDF</button><button class="ds2-5-button ds2-5-button--secondary js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;download-pdf-button--work-card&quot;,&quot;attachmentId&quot;:103952910,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;workUrl&quot;:&quot;https://www.academia.edu/104150174/Income_Inequality_Innovation_and_Human_capital_Nexus&quot;}"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span>Download PDF</button></div></div></div></div><div data-auto_select="false" data-client_id="331998490334-rsn3chp12mbkiqhl6e7lu2q0mlbu0f1b" data-doc_id="103952910" data-landing_url="https://www.academia.edu/104150174/Income_Inequality_Innovation_and_Human_capital_Nexus" data-login_uri="https://www.academia.edu/registrations/google_one_tap" data-moment_callback="onGoogleOneTapEvent" id="g_id_onload"></div><div class="ds-top-related-works--grid-container"><div class="ds-related-content--container ds-top-related-works--container"><h2 class="ds-related-content--heading">Related papers</h2><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="0" data-entity-id="107918363" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/107918363/Income_Inequality_Innovation_and_Human_Capital_Nexus_A_Comparative_Analysis_of_Asia_Pacific_Countries">Income Inequality, Innovation and Human Capital Nexus: A Comparative Analysis of Asia-Pacific Countries</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="1514185" href="https://punjabiuniversity.academia.edu/LakhwinderSingh">Lakhwinder Singh</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Seoul Journal of Economics, 2023</p><p class="ds-related-work--abstract ds2-5-body-sm">Global economy has shown a rising income inequality as well as increasing the influence of innovations. Economic theory of income inequality-innovation nexus and empirical evidence are counter intuitive. Therefore, the present study attempts to examine a comparative analysis of income inequality, innovation and human capital relationship among the 15 Asia-Pacific countries using timeseries data from 1990 to 2020. The study employs the Augmented Dickey-Fuller and Phillips-Perron unit root test methods to examine the stationarity of variables and the ARDL bounds co-integration approach to estimate the long run relationship between income inequality, innovation and human capital development. Results of the bounds co-integration test indicated that there is a long run equilibrium relationship between income inequality, innovation and human capital in both models with interaction term and without interaction term for all the 15 countries. With human capital as a mediating variable, findings of the long run ARDL model indicated that innovation variable adversely affects income inequality across countries and over time in majority of the sampled countries. This study examined the innovation-inequality connection over time and unraveled the puzzle why innovations generate income inequality in some countries but not in others. Therefore, it is suggested that there is a dire need to relook at the innovation system that should use both bottom-up and top-down approach with a right mix to have an impact on the reduction of income inequality in the long run.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;Income Inequality, Innovation and Human Capital Nexus: A Comparative Analysis of Asia-Pacific Countries&quot;,&quot;attachmentId&quot;:106446559,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/107918363/Income_Inequality_Innovation_and_Human_Capital_Nexus_A_Comparative_Analysis_of_Asia_Pacific_Countries&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/107918363/Income_Inequality_Innovation_and_Human_Capital_Nexus_A_Comparative_Analysis_of_Asia_Pacific_Countries"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="1" data-entity-id="94830368" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/94830368/The_Rate_of_Technological_Progress_Effective_Human_Capital_and_the_Dynamics_of_Income_Inequality_An_Empirical_Analysis">The Rate of Technological Progress, Effective Human Capital and the Dynamics of Income Inequality: An Empirical Analysis</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="26840830" href="https://independent.academia.edu/JoshHall2">Josh Hall</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2008</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;The Rate of Technological Progress, Effective Human Capital and the Dynamics of Income Inequality: An Empirical Analysis&quot;,&quot;attachmentId&quot;:97180816,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/94830368/The_Rate_of_Technological_Progress_Effective_Human_Capital_and_the_Dynamics_of_Income_Inequality_An_Empirical_Analysis&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/94830368/The_Rate_of_Technological_Progress_Effective_Human_Capital_and_the_Dynamics_of_Income_Inequality_An_Empirical_Analysis"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="2" data-entity-id="101544055" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/101544055/On_the_impact_of_innovation_and_inequality_in_economic_growth">On the impact of innovation and inequality in economic growth</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="715964" href="https://unifi.academia.edu/EdgarJSanchezCarrera">Edgar J. Sanchez Carrera</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Economics of Innovation and New Technology, 2018</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;On the impact of innovation and inequality in economic growth&quot;,&quot;attachmentId&quot;:102056982,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/101544055/On_the_impact_of_innovation_and_inequality_in_economic_growth&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/101544055/On_the_impact_of_innovation_and_inequality_in_economic_growth"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="3" data-entity-id="101962736" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/101962736/Innovation_and_income_inequality_12">Innovation and income inequality 12</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="2804140" href="https://uni-goettingen.academia.edu/AgnieszkaGehringer">Agnieszka Gehringer</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2013</p><p class="ds-related-work--abstract ds2-5-body-sm">The paper articulates and tests the hypothesis that innovation is a major factor in the reduction of income inequalities. The relationship between the pace of technological change and the dynamics of income inequalities has been first suggested by Kuznets (1955), but found little elaboration and empirical investigation in the subsequent literature. The evidence of a large data set including advanced countries, such as the US, Canada and the members of the European Union, as well as the newly industrializing BRIC members, in the years 1995-2011, confirms the virtuous circle between technological change and income inequalities. JEL classification: N30, O33</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;Innovation and income inequality 12&quot;,&quot;attachmentId&quot;:102356914,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/101962736/Innovation_and_income_inequality_12&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/101962736/Innovation_and_income_inequality_12"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="4" data-entity-id="78615911" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/78615911/Innovation_and_Inequality_World_Evidence">Innovation and Inequality: World Evidence</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="45509074" href="https://lastamp.academia.edu/NikosBenos">Nikos Benos</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2018</p><p class="ds-related-work--abstract ds2-5-body-sm">In this paper we use country panel data to explore the effect of innovation on top income inequality. We construct a novel dataset of patents by combining patents from USPTO and EPO to test the effect of innovation on income inequality. We demonstrate that innovation has a strong positive correlation with top income shares. Also, we find weak evidence that innovation has a negative effect on overall income inequality. We support our findings by using instrumental variables to tackle endogeneity. In addition our IV analysis shows that the effect of innovation on top income shares remains significant for 3 years. Finally, we show that innovation has a less strong effect on top income inequality when we include defensive patents in the analysis.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;Innovation and Inequality: World Evidence&quot;,&quot;attachmentId&quot;:85602355,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/78615911/Innovation_and_Inequality_World_Evidence&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/78615911/Innovation_and_Inequality_World_Evidence"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="5" data-entity-id="106194385" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/106194385/Human_Capital_Development_Income_Inequality_and_Economic_Growth">Human Capital Development Income Inequality and Economic Growth</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="202051223" href="https://independent.academia.edu/TaiwoOwoeye6">Taiwo Owoeye</a></div><p class="ds-related-work--metadata ds2-5-body-xs">The International Journal of Humanities &amp; Social Studies, 2020</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;Human Capital Development Income Inequality and Economic Growth&quot;,&quot;attachmentId&quot;:105454602,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/106194385/Human_Capital_Development_Income_Inequality_and_Economic_Growth&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/106194385/Human_Capital_Development_Income_Inequality_and_Economic_Growth"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="6" data-entity-id="78615912" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/78615912/Innovation_and_Income_Inequality_World_Evidence">Innovation and Income Inequality: World Evidence</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="45509074" href="https://lastamp.academia.edu/NikosBenos">Nikos Benos</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2019</p><p class="ds-related-work--abstract ds2-5-body-sm">In this paper we explore the effect of innovation on income inequality using annual country panel data for 29 countries. We demonstrate that innovation activities reduce personal income inequality by matching patents from the European Patent Office with their inventors. Our findings are supported by instrumental variable estimations to tackle endogeneity. The results are also robust with respect to various inequality measures, alternative quality indexes of innovation, truncation bias, the use of patent applications together with granted patents and different ways to split or allocate patents.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;Innovation and Income Inequality: World Evidence&quot;,&quot;attachmentId&quot;:85602356,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/78615912/Innovation_and_Income_Inequality_World_Evidence&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/78615912/Innovation_and_Income_Inequality_World_Evidence"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="7" data-entity-id="115418050" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/115418050/Long_Run_Relationship_between_Income_Inequality_and_Economic_Growth_Evidence_from_Malaysia">Long Run Relationship between Income Inequality and Economic Growth: Evidence from Malaysia</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="51393329" href="https://independent.academia.edu/NoorasiahSulaiman">Noorasiah Sulaiman</a></div><p class="ds-related-work--metadata ds2-5-body-xs">International journal of academic research in business &amp; social sciences, 2017</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;Long Run Relationship between Income Inequality and Economic Growth: Evidence from Malaysia&quot;,&quot;attachmentId&quot;:111829837,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/115418050/Long_Run_Relationship_between_Income_Inequality_and_Economic_Growth_Evidence_from_Malaysia&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/115418050/Long_Run_Relationship_between_Income_Inequality_and_Economic_Growth_Evidence_from_Malaysia"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="8" data-entity-id="94830373" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/94830373/The_Diffusion_of_Technology_Education_and_Income_Inequality_Evidence_from_Developed_and_Developing_Countries">The Diffusion of Technology, Education and Income Inequality: Evidence from Developed and Developing Countries</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="26840830" href="https://independent.academia.edu/JoshHall2">Josh Hall</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2010</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;The Diffusion of Technology, Education and Income Inequality: Evidence from Developed and Developing Countries&quot;,&quot;attachmentId&quot;:97180823,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/94830373/The_Diffusion_of_Technology_Education_and_Income_Inequality_Evidence_from_Developed_and_Developing_Countries&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/94830373/The_Diffusion_of_Technology_Education_and_Income_Inequality_Evidence_from_Developed_and_Developing_Countries"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="9" data-entity-id="76052165" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/76052165/The_Effect_of_Human_Capital_Inequality_on_Income_Inequality_Evidence_from_Indonesia">The Effect of Human Capital Inequality on Income Inequality: Evidence from Indonesia</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="7116461" href="https://independent.academia.edu/HafizhAqil">Hafizh Aqil</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Proceedings of The International Conference on Data Science and Official Statistics, 2022</p><p class="ds-related-work--abstract ds2-5-body-sm">Education inequality in Indonesia tends to experience a downward trend which indicates that the education distribution is more equally distributed from year to year. this phenomenon should lead to a reduction in income inequality. However, income inequality in Indonesia has increased compared to 9 years ago. This study intends to look at the human capital inequality condition in provinces in Indonesia and analyze the effect of human capital inequality on income inequality. The Gini coefficient concept is used to measure human capital inequality and income inequality. The annual panel data covered 34 provinces in Indonesia from 2015 – 2019. The analytical methods used dynamic panel data regression using the Generalized Method of Moment (GMM) Arellano-Bond approach. The results indicate income inequality with a lag of 1 year, literacy rate, and trade openness have a negative and significant effect on income inequality. Furthermore, the human capital inequality and the average years of...</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;wsj-grid-card-download-pdf-modal&quot;,&quot;work_title&quot;:&quot;The Effect of Human Capital Inequality on Income Inequality: Evidence from Indonesia&quot;,&quot;attachmentId&quot;:83737058,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;work_url&quot;:&quot;https://www.academia.edu/76052165/The_Effect_of_Human_Capital_Inequality_on_Income_Inequality_Evidence_from_Indonesia&quot;,&quot;alternativeTracking&quot;:true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/76052165/The_Effect_of_Human_Capital_Inequality_on_Income_Inequality_Evidence_from_Indonesia"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div></div></div><div class="ds-sticky-ctas--wrapper js-loswp-sticky-ctas hidden"><div class="ds-sticky-ctas--grid-container"><div class="ds-sticky-ctas--container"><button class="ds2-5-button js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;continue-reading-button--sticky-ctas&quot;,&quot;attachmentId&quot;:103952910,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;workUrl&quot;:null}">See full PDF</button><button class="ds2-5-button ds2-5-button--secondary js-swp-download-button" data-signup-modal="{&quot;location&quot;:&quot;download-pdf-button--sticky-ctas&quot;,&quot;attachmentId&quot;:103952910,&quot;attachmentType&quot;:&quot;pdf&quot;,&quot;workUrl&quot;:null}"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span>Download PDF</button></div></div></div><div class="ds-below-fold--grid-container"><div class="ds-work--container js-loswp-embedded-document"><div class="attachment_preview" data-attachment="Attachment_103952910" style="display: none"><div class="js-scribd-document-container"><div class="scribd--document-loading js-scribd-document-loader" style="display: block;"><img alt="Loading..." src="//a.academia-assets.com/images/loaders/paper-load.gif" /><p>Loading Preview</p></div></div><div style="text-align: center;"><div class="scribd--no-preview-alert js-preview-unavailable"><p>Sorry, preview is currently unavailable. 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