We examine the determinants of innovation novelty ranging from new-to-firm to new-to-world innovation. Higher levels of novelty help firms capture a larger share of the market, increase exports, and create positive spillovers. Using firm-level panel data for 2005-06 to 2015-16, from...

Recent research has highlighted a negative impact of inequality on economic growth. We re-evaluate this hypothesis focusing on both inequality and poverty and their interaction. We replicate previous results showing that inequality has a negative impact on growth. However, we show that when we...