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Green technology and income inequality: an empirical analysis of US Metro Areas

Author

Listed:
  • Nicolo Barbieri
  • Davide Consoli
  • Giovanni Marin
  • Francois Perruchas

Abstract

Climate change is a global phenomenon with markedly local manifestations. Accordingly, territories differ in terms of exposure to climate events, of capacity to adopt climate mitigation policies and of the welfare effects that these deep transformations entail. The paper brings together these threads with an empirical study of the relationship between green technology development and income inequality in US Metropolitan Areas over the period 2005-2015. We find a positive association between local patenting capacity and growing income gaps to the detriment of the least affluent. Further, higher patenting propensity in early stage technologies has a stronger association with income inequality, whereas such a relationship dissipates at later stages of the life cycle.

Suggested Citation

  • Nicolo Barbieri & Davide Consoli & Giovanni Marin & Francois Perruchas, 2022. "Green technology and income inequality: an empirical analysis of US Metro Areas," Papers in Evolutionary Economic Geography (PEEG) 2225, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2022.
    • Handle: RePEc:egu:wpaper:2225
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    More about this item

    Keywords

    environmental technologies; technology lifecycle; inequality;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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