<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>The paper deals with the relation between income inequality, innovation processes, economic development and income convergence within the European Union. The presented results suggest a non-linear relation between the economic development and the income inequality. There is also visible the significant influence of innovation activity and technology diffusion on the economic growth. We could observe strong and stable innovation-related polarisation into two different groups of countries in the European Union, as well as a phenomena that countries considered as technological followers imitate the innovation leaders very quickly. The real convergence occurs on the international scale, but not at the regional level. It seems that the latest tendency will remain in the future.</p></abstract>

The paper deals with the relation between income inequality, innovation processes, economic development and income convergence within the European Union. The presented results suggest a non-linear relation between the economic development and the income inequality. There is also visible the significant influence of innovation activity and technology diffusion on the economic growth. We could observe strong and stable innovation-related polarisation into two different groups of countries in the European Union, as well as a phenomena that countries considered as technological followers imitate the innovation leaders very quickly. The real convergence occurs on the international scale, but not at the regional level. It seems that the latest tendency will remain in the future.

Income Inequality and Innovations in the Processes of Economic Growth and Real Convergence

Department of Econometrics and Statistics, Faculty of Economics and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin

Folia Oeconomica Stetinensia

The paper deals with the relation between income inequality, innovation processes, economic development and income convergence within the European Union. The...

Income Inequality and Innovations in the Processes of Economic Growth and Real Convergence

Published Online: Apr 06, 2009

Page range: 130 - 143

DOI: https://doi.org/10.2478/v10031-008-0011-1

Keywords
income, inequality, convergence, innovations

This content is open access.

Income Inequality and Innovations in the Processes of Economic Growth and Real Convergence

Published Online: Apr 06, 2009

Page range: 130 - 143

DOI: https://doi.org/10.2478/v10031-008-0011-1

Keywordsincome, inequality, convergence, innovations

This content is open access.

Keywords
income, inequality, convergence, innovations