A Global Kuznets Curve?
This paper studies the inequality of nations, treating the country as the unit of analysis. First, measures of inequality are computed for 1960 to 1988. The international distribution of income has become more unequal over time. Secondly, 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 and, on net, the empirical results indicate that world R&D has a convergence effect. Controlling for R&D, the paper finds an inverted-U relationship between global inequality and global development. Copyright 1995 by WWZ and Helbing & Lichtenhahn Verlag AG
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Volume (Year): 48 (1995)
Issue (Month): 1 ()
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