Weinhold, Diana 
ORCID: 0000-0002-0002-9378 and Nair-Reichert, Usha
(2009)
Innovation, inequality and intellectual property rights.
World Development, 37 (5).
pp. 889-901.
ISSN 0305-750X
Abstract
We examine whether income inequality explains innovation across countries. The mechanism could be twofold: first, a large middle class could have an impact on institutions, including intellectual property rights (IPRs), which could in turn affect innovation. Second, evidence from US economic history suggests direct linkages between middle class share and innovation via supply and demand effects. Using IVE to address endogeneity, we find that middle class share explains patterns of resident patenting, while non-resident patenting is driven more by exogenous factors and global integration. Our results illustrate an additional channel through which income inequality can impact long run growth.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.sciencedirect.com/science/journal/03057... |
| Additional Information: | © 2009 Elsevier |
| Divisions: | International Development |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 27 Feb 2009 13:31 |
| Last Modified: | 11 Dec 2024 23:28 |
| URI: | http://eprints.lse.ac.uk/id/eprint/22993 |
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