Political institutions, human capital and innovation: evidence from sub-Saharan Africa

Financial development and innovation: Do institutions and human capital matter?

“…A few other studies have examined the effect of the human capital and institutional quality complementarity on the FD – INN nexus. For example, Oluwatobi et al [ 46 ] and Bekana [ 47 ] examine the case in SSA while Malik [ 48 ] investigate Asian economies. It is worth noting that while Oluwatobi et al [ 46 ] and Khan [ 40 ] find that human capital and institutional have a complementary positive effect on FD-INN link, Bekana [ 47 ] did not find such a result for the human capital and democracy interaction.…”

“…For example, Oluwatobi et al [ 46 ] and Bekana [ 47 ] examine the case in SSA while Malik [ 48 ] investigate Asian economies. It is worth noting that while Oluwatobi et al [ 46 ] and Khan [ 40 ] find that human capital and institutional have a complementary positive effect on FD-INN link, Bekana [ 47 ] did not find such a result for the human capital and democracy interaction. From the theoretical and empirical studies reviewed, it is clear that many country and regional characteristics condition both the level and rate of change in innovation.…”