期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2008
卷号：1
出版社：University of Glasgow, Department of Economics
摘要：It is well known that research and development (R&D) is an important
engine for economic growth. Also, initial wealth inequality and subsequent
economic growth are well known to be related. This paper links inequality
and R&D-driven growth. It shows that in a class of economies where R&D
is the main engine for growth, di¡èerent wealth groups di¡èer in their desire
for aggregate innovative e¡èorts: the higher the pro.t share of the individ-
ual.s incomes the lower their ideal aggregate R&D and innovation. If rich
shareholders were able to pursue their common interest and to discourage
too much R&D compared, then a pro-labour government able to impose
distortionary progressive taxation, by minimizing the di¡èerence between
the rich and the poor can maximize growth. Such predicted negative rela-
tionship between desired R&D and dynastic wealth is robust to any subsidy
rate lower than 100%.
关键词：R&D and Growth; Social Preferences for Innovation; In-
equality, Redistribution and Growth.
