Do Innovation and Institutional Quality Elevate Economic Growth? Empirical Evidence from Developing Countries
Rudra P. Pradhan,
Mak B. Arvin,
Mahendhiran S. Nair
et al.
Abstract:Research Highlights • An assessment of institutional quality, innovation, and economic growth in developing countries. • Long-run causality from innovation and institutional quality to economic growth is present. • Short-run directions of causality are varied among variables of interest. • Innovation and institutional quality generally positively impact economic growth. Continuous innovation is the lifeblood of a competitive economy. Furthermore, and arguably, the existence of institutions of governance of qu… Show more
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