The impact of the informal economy on R&D, wage inequality and economic growth

• Tipo: Artigo em Revista Científica Internacional
• Data: 2017-02-01

Autores

Óscar Afonso (Autor) FEP; Rui Sarabanda (Autor) Outra

Revista

Título: Applied Economics Letters

Vol. 24

Páginas: 39-44

ISSN: 1350-4851

Editora: Taylor & Francis

Indexação

ISI Web of Knowledge - 1 Citação

ISI Web of Science

Econlit

Classificação Científica

CORDIS: Ciências Sociais > Economia

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-00M-606

DOI: 10.1080/13504851.2016.1158913

Abstract (EN): We extend the existing research and development (R&D) growth literature by focusing on the short-medium-long run effects of the informal sector on R&D intensity, wage inequality and economic growth, and by considering 18 OECD countries between 1990 and 2008. We show that: the steady state is unique and stable; the share of informal economy (IE) in production affects negatively R&D intensity and wage equality; Nordic countries have the lowest share of IE in production, while Mediterranean countries have the highest share of IE, wage inequality and R&D intensity but R&D spillovers are lower.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 6