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| Author: | Park, W. G. Brat, D. A. |
| Title: | A global Kuznets Curve? |
| Journal: | Kyklos
1995 : VOL. 48:1, p. 105-131 |
| Index terms: | INTERNATIONAL ECONOMICS DEVELOPMENT ECONOMICS INEQUALITY R&D INCOME DISTRIBUTION |
| Language: | eng |
| Abstract: | This paper studies the inequality of nations, treating the country as the unit of analysis. First, measures of inequa- lity are computed for 1960 to 1988. The international dis- tribution of income has become more unequal over time. Se- condly, the contribution of R&D investments and spillovers to global inequality is studied. Cross-country differences in R&D significantly account for the changes in the global distribution of income. National R&D investments have both a divergence and a convergence effect. The divergence effect arises from a high R&D nation forging ahead of other nations. The convergence effect comes from international R&D spillovers enabling lesser developed nations to catch up. The empirical results indicate that on net, world R&D has a convergence effect. |
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