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Purpose – This paper aims to investigate the relationship between structural change and economic growth for a panel of four developing countries, namely, Malaysia, Nigeria, Turkey and Indonesia over 1960-2010. Design/methodology/approach – The study extent the growth equation by incorporating degree of openness, labour and investment and construct structural change indices – modified Lilien index and the norm of absolute values. It utilizes the recently developed panel cointegration techniques to test and estimate the long-run equilibrium of the growth equation. Findings – The results confirm that structural change and economic growth are cointegrated at the panel level, indicating the presence of long-run equilibrium relationship. However, the impact of structural change on economic growth seems to be small and evolve slowly. Originality/value – The findings indicate the need for policymakers to identify the binding constraints that impede growth and the importance of institutionalize policy to encourage investment in productive sectors.

Purpose – The purpose of this paper is to examine the determinants of innovation outputs proxied by number of patent applications, trademarks and industrial designs in developing countries. Design/methodology/approach – The paper employs a panel data and Negative Binomial method to analyse the main determinants affecting the innovation outputs. Findings – The results implicitly suggest that providing a fertile ground to attract more foreign direct investment (FDI) can lead to much better innovation outputs. The study also strongly supports the role of institutions and governance for increasing innovation activities in developing economies as indicated by positive impacts of governance factors in the model. However, the impact of economic freedom indicators on improving innovation outputs is mixed. Originality/value – This paper contributes to the existing literature in two ways: it examines the effect of FDI and research and development on innovation of selected developing countries; and the study uses a panel data approach to increase the accuracy of the results through exploiting the significant variations of innovation outputs across countries, while controlling for a larger number of innovation outputs and product determinants. To the authors knowledge, this is the first empirical study on the behaviour of innovation outputs for developing countries.

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This study provides estimates of the price and Morishima substitution elasticities between energy and non-energy inputs in two Canadian energy-intensive manufacturing industries: Primary Metal and Cement. The elasticities are estimated using annual industry-level KLEM data (1961industry-level KLEM data ( -2003 and relying on two flexible functional forms: the Translog and the Symmetric Generalized McFadden (SGM) cost functions. In addition to the point estimates, the confidence intervals of the elasticities are computed using single-and double-bootstrap resampling techniques. For both industries, the estimation results suggest that capital, labour, material and energy are pairwise substitutes and that energy is the most substitutable input. However, the low magnitudes of the estimated elasticities do not seem to offer great flexibility to these industries to adapt to high increases in energy prices.