Monetary policy and income inequality in a Schumpeterian economy with endogenous step size

Lu, You-Xun; Hsu, Che-Chun; Lai, Ching‐chong

doi:10.1016/j.econlet.2022.110373

Cited by 5 publications

(2 citation statements)

References 14 publications

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“…As a result, technological differentiation triggers ability differentiation, which in turn leads to income extremes. Consequently, excessive intellectual property protection becomes one of the negative impact mechanisms (Lu et al, 2024).…”

Section: Empirical Results and Discussionmentioning

confidence: 99%

“…The negative relationship between property rights protection and income inequality is verified in several literature. For example, Lu et al (2024) found that strengthening patent protection increased income inequality although promoting economic growth, especially if endogenous quality was not improved. Labor market divergence might induce the rents disparities.…”

Section: Analysis Of Impact Mechanisimsmentioning

confidence: 99%

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Does the digital economy development improve or exacerbate income inequality? International evidence

Wang,

Shen

2024

Manage Decis Econ

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With the fast development of the digital economy, this study concentrates on the influence of digital economy development on income inequality in 97 countries. Three results are discovered. Firstly, the digital economy development contributes to improving income inequality, but this effect is weakened by the moderating effect of globalization globally. Secondly, digital economic development improves income inequality in lower‐middle‐income and low‐income countries; while the high‐income countries and upper‐middle‐income are not significant. Thirdly, the mechanisms reducing inequality are explored in terms of generating industries with low barriers to new entrants, reducing labor market information asymmetries, and promoting human capital equalization.

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Section: Empirical Results and Discussionmentioning

confidence: 99%

Section: Analysis Of Impact Mechanisimsmentioning

confidence: 99%

Does the digital economy development improve or exacerbate income inequality? International evidence

Wang,

Shen

2024

Manage Decis Econ

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Effects of patent policy on growth and inequality: exogenous versus endogenous quality improvements

Lu,

Lai,

2023

J Econ

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This study explores the implications of patent protection on growth and inequality under exogenous versus endogenous quality improvements. Our analysis shows that the effects of strengthening patent protection under an endogenous innovation size can be quite different from those under an exogenous innovation size. Under our calibrated parameter values, we find that strengthening patent protection promotes economic growth, raises income inequality, and decreases consumption inequality under exogenous quality improvements. However, in the case of endogenous quality improvements, strengthening patent protection generates an inverted-U effect on economic growth; both income inequality and consumption inequality decrease with the strength of patent protection.

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Interactive effects of monetary policy and patent protection: The role of endogenous innovation size

2022

Economic Modelling

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Monetary policy and income inequality in a Schumpeterian economy with endogenous step size

Cited by 5 publications

References 14 publications

Does the digital economy development improve or exacerbate income inequality? International evidence

Does the digital economy development improve or exacerbate income inequality? International evidence

Effects of patent policy on growth and inequality: exogenous versus endogenous quality improvements

Interactive effects of monetary policy and patent protection: The role of endogenous innovation size

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