Template-type: ReDIF-Paper 1.0  
Author-Name: Antonio Biurrun-Santamaria
Author-Email: abiurrun@ucm.es
Author-Workplace-Name: Instituto Complutense de Estudios Internacionales (ICEI), Universidad Complutense de Madrid.
Title: New empirics about innovation and inequality in Europe
Abstract: The increase of internal inequality is one of the consequences of the recent turbulence of the World economy and the crisis’ effects in advanced countries. At the 
	same time, to face the new information age and the phenomena of digitalization and robotization, investment in research and development (R&D) is an indisputable 
	action for economic and social progress. The combination of these two dynamics opens new debates about the still unresolved relationship between innovation and 
	inequality. This paper contrasts the postulates of the existing body of theory and the existing empirical evidence to argue that the positive co-evolution of 
	inequality reduction and technological progress in Europe is not a lineal process, but it requires to analyze its complexity and what sort of combination of factors 
	would best explain it. The findings are based on regressions with panel data from a sample of 20 countries in the period 1995-2017, and they show the relevance of 
	structural and institutional aspects within the European region. In particular, two clusters of countries seem to define a dissimilar behavior in the relationship 
	between inequality and innovation and a virtuous circle defined by the contribution of social protection and innovation policies contributes to a favorable solution 
	of the puzzle between innovation and inequality.
Keywords: Innovation; Inequality; Institutions; Catching-up.
Creation-Date: 2019
Length: 32 pages
Number: 1905
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/wpaper19-05.txt
File-URL: https://eprints.ucm.es/id/eprint/57460/1/WP05-19.pdf
File-Format: Application/pdf
File-Function: Full text
Handle: RePEc:ucm:wpaper:1905