Technological Innovation and Economic Growth: A Brief Report on the Evidence

Broughel, James; Thierer, Adam D.

doi:10.2139/ssrn.3346495

Cited by 34 publications

(13 citation statements)

References 13 publications

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“…One should either increase the inputs for the production process, or “new ways” in which to get more output with the same amount of input (Rosenberg 2004 :1). “New ways” can be categorized under three forms (Broughel and Thierer 2019 :5): (1) cost reduction, (2) quality improvement, and (3) new production methods as well as alternative goods and services. Schumpeter ( 2000 ) defined innovation as “the introduction of new technical methods, products, sources of supply, and forms of industrial organization.” Roger ( 1983 ) described innovation as an idea, object, or practice that can be accepted as new by the people.…”

Section: Introductionmentioning

confidence: 99%

A comparative analysis of the relationship between innovation and transport sector carbon emissions in developed and developing Mediterranean countries

Çakar

Gedikli

Erdoğan

et al. 2021

Environ Sci Pollut Res

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Innovation technologies have been recognized as an efficient solution to alleviate carbon emissions stem from the transport sector. The aim of this study is to investigate the impact of innovation on carbon emissions stemming from the transportation sector in Mediterranean countries. Based on the available data, Albania, Algeria, Bosnia and Herzegovina, Croatia, Egypt, Morocco, Tunisia, and Turkey are selected as the 8 developing countries; and Cyprus, France, Greece, Israel, Italy, and Spain are selected as the 6 developed countries and included in the analysis. Due to data constraints, the analysis period has been determined as 1997–2017 for the developing Mediterranean countries and 2003–2017 for the developed Mediterranean countries. After determining the long-term relationship with the panel co-integration method, we obtained the long-term coefficients with PMG and DFE methods. The empirical test results indicated that the increments in the level of innovation in developing countries have a positive impact on carbon emissions due to transportation if the innovation results from an increase in patents. An increase in the level of innovation in developed countries has a positive impact on carbon emissions due to transportation if the innovation results from an increase in trademark. As a result, innovation level has a positive effect on carbon emissions due to transportation, and this effect is stronger for developed countries.

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Section: Introductionmentioning

confidence: 99%

A comparative analysis of the relationship between innovation and transport sector carbon emissions in developed and developing Mediterranean countries

Çakar

Gedikli

Erdoğan

et al. 2021

Environ Sci Pollut Res

View full text Add to dashboard Cite

show abstract

“…In this study, gross domestic product (GDP) is used as a measure of economic growth. Even though the use of GDP to measure economic growth is largely criticized for its inability to capture the true livelihood of the populace (Broughel and Thierer, 2019), it remains the most popular tool used by economists for this purpose. Endogenous growth theory posits that economic growth is largely influenced by human capital and technological innovation.…”

Section: Innovation-economic Growth Relationshipmentioning

confidence: 99%

“…Besides, the literature on this subject largely concurs that countries can benefit from innovation in a quest for economic growth. Though some critics have down-played the role of innovation in national development, it undeniably remains a significant contributor to economic growth (Broughel and Thierer, 2019). Hu (2015) pointed out that countries that are not technologically advanced can achieve economic growth through innovation by adopting technologies from other countries.…”

Section: Innovation-economic Growth Relationshipmentioning

confidence: 99%

“…This form of economic activity ensures that a country produces new technologies through local businesses which are the main drivers of economic growth. Indeed several researchers have extensively studied the role that innovation plays in economic development (Pece et al, 2015;Hu, 2015;Broughel and Thierer, 2019). Most of these scholars found a positive and significant effect of innovation on economic growth.…”

Section: Introductionmentioning

confidence: 99%

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Analysis of the causal effects of imports and foreign direct investments on indigenous innovation in developing countries

Asunka

et al. 2021

IJOEM

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PurposeThe purpose of this study is to analyze the performance of indigenous innovation in developing countries in the era of trade liberalization. It analyzes indigenous innovation from research and development (R&D) investments to innovation output and its effect on economic growth.Design/methodology/approachThe sample for this study includes 20 middle-income countries across five continents for the period between 1994 and 2018. The study employs the Crepon Duguet and Mairessec CDM model in a panel data setting to do a multistage analysis of the innovation process. A vector error correction model VECM is employed to test for Granger causality between the variables investigated.FindingsThe results show that imports and foreign direct investments (FDI) have generally have short-run and long-run causal effects on domestic R&D investments. In regions where imports and FDI do not have individual causal effects on innovation output, a joint increase in each of them and R&D have both short-run and long-run causal effects. Indigenous innovation is a significant contributor to economic growth when a country can produce and export novel products.Research limitations/implicationsThe sample is only limited to developing economies, and due to the unavailability of data, only 20 countries were captured.Practical implicationsImported products and FDI are critical to the innovation drive when such activities are targeted at enhancing indigenous innovation from R&D to the production of new products. Hence, policy formulation should encourage the absorption of foreign technologies that serve as inputs to indigenous innovation.Originality/valueThis paper focuses specifically on indigenous innovation and analyses the influence of foreign technologies in this effort. It tests the moderating roles of imports and FDI in the relationship between R&D and innovation output, concluding that both variables enhance the effect of R&D on innovation output.

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“…Most researchers agree that innovations are a driver of socio-economic development and a technological basis for economic growth for the transition of socio-economic systems to a new qualitative level. The theoretical basis for research on the mutual influence of innovation and sustainable development was introduced in the papers of Andrew Reamer (2014) [5]; Daron Acemoglu and James A. Robinson (2012) [6]; James Broughel and Adam Thierer (2019) [7]. Maradana, R.P., Pradhan, R.P., Dash, S. et al (2017) investigate the long-term relationship between innovation and per capita growth in 19 European countries during the period from 1989 to 2014.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Innovations and high-tech export as a basis of sustainable development

et al. 2021

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The article is devoted to the analysis and assessment of the relationship between innovative and sustainable development of economies in the context of Eurasian integration. Using a two-stage methodological approach, the authors assess the level of innovative development of the EAEU countries and investigate the hypothesis that there is a correlation between the innovative activities of enterprises and the growth of high-tech exports, which serves as the basis for achieving sustainable development of the integration association. Conclusions were obtained about the ambiguity and inconsistency of the calculation model results for individual members of the integration association, connected with different starting levels of innovative development of the EAEU countries, as well as a number of other factors.

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Technological Innovation and Economic Growth: A Brief Report on the Evidence

Cited by 34 publications

References 13 publications

A comparative analysis of the relationship between innovation and transport sector carbon emissions in developed and developing Mediterranean countries

A comparative analysis of the relationship between innovation and transport sector carbon emissions in developed and developing Mediterranean countries

Analysis of the causal effects of imports and foreign direct investments on indigenous innovation in developing countries

Innovations and high-tech export as a basis of sustainable development

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