2019
DOI: 10.18488/journal.aefr.2019.911.1266.1278
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Innovation and Economic Growth: The Contribution of Institutional Quality and Foreign Direct Investment

Abstract: Innovation is considered essential to improving competitiveness and efficiency, thereby promoting economic growth in both theory and practice. This study analyzes the impacts of innovation, measured by the number of researchers, and the number of patents and trademarks, on economic growth. The results represent issues for consideration by policymakers dealing with sustainable economic growth. Besides the literature review, an empirical analysis was undertaken using the two-step system Generalized Method of Mom… Show more

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Cited by 9 publications
(7 citation statements)
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“…As a result, it can improve the productivity of the economy and lead to a higher level of sustainable economic growth. Our findings are similar to the findings of Baum, Checherita-Westphal, & Rother (2013), Kim et al (2017), andPhung et al (2019). Lastly, Human receives coefficients which were from 0.04605 to 0.16311, and they were statistically significant at the 1% level.…”
Section: Resultssupporting
confidence: 91%
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“…As a result, it can improve the productivity of the economy and lead to a higher level of sustainable economic growth. Our findings are similar to the findings of Baum, Checherita-Westphal, & Rother (2013), Kim et al (2017), andPhung et al (2019). Lastly, Human receives coefficients which were from 0.04605 to 0.16311, and they were statistically significant at the 1% level.…”
Section: Resultssupporting
confidence: 91%
“…The improvement of human capital will be to attract foreign investors as well as promote innovation activities in the country (Grossman, 2000). In turn, innovation will promote sustainable economic growth (Phung et al, 2019). Our results are similar to the findings of previous authors, such as Woo and Kumar (2015); and Kim Kim et al (2017).…”
Section: Resultssupporting
confidence: 90%
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