Inclusive Institutions, Innovation and Economic Growth: Estimates for European Countries

d’Agostino, Giorgio; Scarlato, Margherita

doi:10.2139/ssrn.2539521

Cited by 3 publications

(3 citation statements)

References 83 publications

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“…Andreea et al [5]analyzed the impact of innovation on the long-term economic growth of the Czech Republic, Hungary and Poland using multiple regression models based on the following independent variables (Number of patents, number of trademarks, research and development expenses, research and development activities, human capital, foreign direct investment) The results found that the number of patents and trademarks, human capital and foreign investment had a positive impact on economic growth, competitiveness and sustainable development. Giorgio and Margherita [17]tried to test the relationship between innovation and economic growth in a number of European countries using a multiple regression model. The study found that technology was the most important tool for increasing a country's economic growth rate.…”

Section: Literature Reviewmentioning

confidence: 99%

Statistical Models to Measure the Impact of Intellectual Property Rights Protection on Foreign Trade in Egypt

Ali

2024

Stat., optim. inf. comput.

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This study aims to estimate the relationship between the Protection of intellectual property rights indices and the foreign trade index in Egypt from 1995 to 2022. The comparison has been made between many models such as full modified ordinary least squares (FMOLS) model, dynamic ordinary least squares (DOLS) model , canonical co-integration regression (CCR) model and autoregressive distributed lag (ARDL) model. The results of the study showed that the best model was the ARDL model to increase its interpretive capacity. The study also showed that the most important property rights protection indicators affecting the foreign trade index are the number of applications and registrations of brands, the number of patents registered and granted, the number of applications and registrations of industrial designs, and the proportion of expenditure on research and development as a proportion of gross domestic product (GDP). The estimated model also passed all diagnostic tests and showed that there was no autocorrelation, no Heteroskedasticity. In addition, it was found to follow a normal distribution and to be stable.

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Section: Literature Reviewmentioning

confidence: 99%

Statistical Models to Measure the Impact of Intellectual Property Rights Protection on Foreign Trade in Egypt

Ali

2024

Stat., optim. inf. comput.

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“…More recent empirical evidence explains that institutional differences affect the level of R&D spillovers. For instance, d'Agostino and Scarlato [26] show that inclusive institutions have a positive association with innovation. However, the host country's differences from the home country in terms of institutional regulations harm foreign subsidiary performance [27].…”

Section: Plos Onementioning

confidence: 99%

Foreign direct investment and domestic innovation: Roles of absorptive capacity, quality of regulations and property rights

Rao,

Ali,

Smith

2024

PLoS ONE

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Foreign Direct Investment is theoretically expected to facilitate the transfer of knowledge from the home country to the host country, however, the empirical evidence on the subject is mixed. Some studies have shown that, on one hand, as competition grows, the incentive to innovate reduces with the decrease in monopoly rents (Schumpeterian effect). On the other hand, market competition can also boost investments in R&D activities incentivized by incremental profits (Escape-Competition effect). Therefore, this study aims to explore which of these two effects dominates in the selected group of countries. This study also identifies the moderators of the relationship between FDI stock and domestic innovation. It examines the role of absorptive capacity, quality of regulations, and property rights protection in the innovative activities of the host countries. Generalized Method of Moments is used to estimate the parameters of the multivariate regression equation. The analysis is based on panel data consisting of 49 countries over 14 years. The results show that FDI has a negative relationship with domestic innovation, indicating the presence of the Schumpeterian effect. The extensions of the main models show that FDI positively affects domestic innovation in countries with higher absorptive capacity, the superior quality of regulation, and stronger protection of property rights. This study shows that the positive relationship between FDI and domestic innovation is conditional on the ability to absorb knowledge and quality of governance in the recipient countries.

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“…As a result, prospective entrepreneurs are discouraged from undertaking innovation investment. d'Agostino and Scarlato (2016) develop an empirical link between government institutions and economic growth through the intermediating role of innovation. The study confirms that inclusive institutions magnify the effects of technology shocks on economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

State effectiveness, property rights and entrepreneurial behaviour as determinants of National Innovation

Idrees

Sarwar

2020

Australian Economic Papers

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This article examines the role of entrepreneurial behaviour, property rights and state effectiveness as determinants of national innovation. Entrepreneurial behaviour reflects not only risk‐bearing and risk‐sharing attitudes but also the capacity to undertake innovation activities. Besides, institutions also play an important role in formalising entrepreneurial behaviour that is crucial for a country's innovation. A comparison is made among three groups of countries—that is, factor‐driven, efficiency‐driven and innovation‐driven economies. Panel‐data econometric techniques are applied to undertake empirical analysis, using macro‐level data covering a time period of 7 years (2010–2016). It is observed that entrepreneurial attitudes and entrepreneurial activities play an important role in determining innovation but the impact varies with the level of economic development. A U‐shaped relationship is observed between innovation and entrepreneurial activities. Innovation‐driven economies have strong property rights and effective policy implementation that help build the confidence of prospective entrepreneurs who are attracted by perceived opportunities. Therefore, perceived opportunities have a significant impact only in innovation‐driven economies. Moreover, innovation is highly suppressed in fragile countries, that is, factor‐driven economies that face serious market distortions and inefficiencies caused by weak property rights and state ineffectiveness. However, no significant relationship is found in efficiency‐driven economies.

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Inclusive Institutions, Innovation and Economic Growth: Estimates for European Countries

Cited by 3 publications

References 83 publications

Statistical Models to Measure the Impact of Intellectual Property Rights Protection on Foreign Trade in Egypt

Statistical Models to Measure the Impact of Intellectual Property Rights Protection on Foreign Trade in Egypt

Foreign direct investment and domestic innovation: Roles of absorptive capacity, quality of regulations and property rights

State effectiveness, property rights and entrepreneurial behaviour as determinants of National Innovation

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