Innovation and Economic Growth in Sub-Saharan Africa: Why Institutions Matter? An Empirical Study Aross 37 Countries

Bekana, Dejene Mamo

doi:10.1177/0976747920915114

Cited by 14 publications

(10 citation statements)

References 83 publications

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“…Baumel [13] has argued that differences in institutions play major roles in the economic performance of countries. Bekana [14] also alluded to this postulation that institutional quality influences innovation (see also [15]). The open innovation concept requires a structured framework to thrive, which makes it congruent with the views of the institutional economists.…”

Section: Introductionmentioning

confidence: 99%

Determinants of Sustainable Open Innovations—A Firm-Level Capacity Analysis

Gyamfi

Sein

2021

Sustainability

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Institutional constraints impede firms’ open innovation. They have been a challenge, obstructing growth and sustainable development. Research on open innovation has shown that the quality of institutions essentially affects innovation in firms. Hence, prior research has made efforts to incorporate the quality of institutions into open innovation analysis. We can use a series of analyses to examine the impact of corruption, the tax system, and other indicators on firm innovation performance. However, developing economies, such as countries in sub-Saharan Africa, represent a specific group of countries that have long been perceived as those mostly deficient in the rule of law, with poor regulatory quality and a great deal of corruption. In these countries, it is also possible to see a lower number of studies, as the inability to obtain quality data to perform empirical analyses can often limit researchers. Nevertheless, employing data from the World Bank’s 2019 Enterprise Survey, this research aimed at exploring the determinants of sustainable open innovation as well as the effect of institutional quality on firms’ capacity utilization and process innovation through a PLS structural equation model analysis. Our research showed interesting findings, such as the fact that the quality of institutions significantly affects firms’ use of OI instruments and capacity utilization. This research also provides for the novelty of the analysis of capacity utilization in an open innovation analysis. The results support the hypotheses that low institutional quality negatively affects firms’ implementation of inbound open innovation instruments, and that there is a strong and positive effect of low institutional quality on firms’ capacity utilization. In addition, we confirm the premise that firms’ implementation of inbound open innovation instruments has a positive and significant influence on firms’ process innovation.

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Section: Introductionmentioning

confidence: 99%

Determinants of Sustainable Open Innovations—A Firm-Level Capacity Analysis

Gyamfi

Sein

2021

Sustainability

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“…Rodrik (2000) contends that governmental intervention is crucial for creating the right environment for entrepreneurial activities in the hotel and tourism sector. Bekana (2020) discusses the importance of innovation and institutional qualities to foster growth. Lundberg and Fredman (2012) opine that (Table 9 Continued) governmental intervention should include the critical areas of finance, cost of labour and the nature of competitiveness.…”

Section: Discussionmentioning

confidence: 99%

Female Entrepreneurs in the Hospitality Industry: A Panel Causality Analysis of EU Countries

Ghosh¹

2020

Arthaniti: Journal of Economic Theory and Practice

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This study investigates the determinants of female entrepreneurship (FE) in the tourism and hospitality industry in 30 European countries. Based on annual observations for the period 2006–2016 and using panel causality techniques, the study explores the impact of tourism receipts, GDP per capita, the Global Entrepreneurial Index (GEI), policies related to institutional and cultural issues, childcare and gender parity related to skills and entrepreneurship on FE. The results of robust second-generation panel methods indicate the existence of long-run cointegration among FE, GDP, tourism receipts and other variables of interest. The long-run elasticities of tourism receipts, GDP, GEI, childcare and the female–male ratio of access to human capital formation in terms of training obtained from the panel fully modified ordinary least squares (FMOLS), panel dynamic ordinary least squares (DOLS) and the pooled mean group estimator (PMG) estimation are significant in the context of FE. The study concludes that pivotal policy interventions are needed to ensure that family policies and procedures, social strategies and tax structures do not discriminate female entrepreneurs.

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“…The models' test results do not reject the null hypothesis of valid instruments (because prob χ2 are greater than 0.05). The Wald (joint) test chisquare statistics (Bekana, 2020) show that the overall model of SGMM is fit.…”

Section: Methodsmentioning

confidence: 99%

Determinants of bank performance in Vietnamese commercial banks: an application of the camels model

Nguyen

2021

Cogent Business & Management

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This study primarily aims to identify the determinants of Vietnamese commercial banks' performance from 2009 to 2020. Recent developments in the economy have brought banks' performance and their operations into the limelight. The paper deals with the CAMELS model as a framework for evaluating and measuring banks' performance. Additionally, using the quantitative regression method, the System Generalised Method of Moments (SGMM), and combining the previous studies, the author examined ten statistically significant factors, including all the pro-rata of the CAMELS model. Furthermore, the obtained results highlight the relationship between ownership type and banks' performance, implying that stateowned banks must improve and increase their soundness.

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Innovation and Economic Growth in Sub-Saharan Africa: Why Institutions Matter? An Empirical Study Aross 37 Countries

Cited by 14 publications

References 83 publications

Determinants of Sustainable Open Innovations—A Firm-Level Capacity Analysis

Determinants of Sustainable Open Innovations—A Firm-Level Capacity Analysis

Female Entrepreneurs in the Hospitality Industry: A Panel Causality Analysis of EU Countries

Determinants of bank performance in Vietnamese commercial banks: an application of the camels model

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