TY - JOUR AU - Saqib Ali, Malik AU - Ahemed, Ishtiaq Ahemed AU - Mubeen, Hamza AU - Sadiq Shah, Sayyed PY - 2022/06/23 Y2 - 2024/03/29 TI - Innovations, Income Inequality, and Economic Growth Linkages: A Cross Country Analysis JF - Journal of Business & EconomicsĀ  JA - JBE VL - 14 IS - 1 SE - DO - 10.2112/jbe.v14i1.541 UR - https://journals.au.edu.pk/ojs/index.php/jbe/article/view/541 SP - 76-87 AB - <p>Existence of intricacy of linkages amongst the innovation, income inequality and economic<br>growth, have been considered in a thoughtful manner in this paper. The effects of the innovation<br>on income inequality have been underscored in one way and the sways of innovation and income<br>inequality together on economic growth on the other way. This research forms the panels of high,<br>middle and low income countries. It is pertinent to mention that each panel holds 20 countries and<br>time length ranges from 1996 to 2021. The Generalized Method of Moment (GMM) technique is used<br>to obtain empirical evidence. The results reflect that innovation on economic growth turns out to be<br>substantial indicator in economic growth in high income countries and causes reduction in income<br>inequality, whereas innovation is least contributing factor in middle income countries and reflects<br>insignificant impact on income inequality. On the other side, innovations are impactful in economic<br>growth and have been imperious reducing the income inequality. Income inequality leaves adverse<br>impact on economic growth in all the sampled countries. On the basis of findings, it is proposed to<br>increase the investment on R&amp;D which will not only further help opening the employment avenues<br>but will also reduce the income inequality to experience the sustainable macroeconomic stability</p> ER -