The determinants of Innovation: An Empirical cross-country study of 43 countries for 1998-2002
AbstractThis paper uses an extensive dataset compiled by the author to quantitatively study the determinants of academic and industry innovations measured by the numbers of journal publications, patents and Nobel Laureates. I use sensitivity analysis to test the robustness of estimates to specification change, IV estimation and differencing panel data to correct for endogeneity of explanatory variables due to omitted variable problem or measurement error problem. The determinants in consideration include educational achievement, participation and input, general R&D input intensity, rule of law infrastructure and openness to international trade. Particularly, the relationships between exam performance, tertiary education participation rate and innovativeness are examined. The main conclusion is that exam scores have no effect on creativity despite their significant positive effect on overall labor productivity. The participation rate of tertiary education is found more important than education input intensity for promoting innovativeness.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 6 (2006)
Issue (Month): 1 ()
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Web page: http://www.usc.es/economet/eaa.htm
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Guisan, M.Carmen & Cancelo, M.Teresa, 2002. "Econometric Models of Foreign Trade in OECD Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 2(2), pages 65-81.
- William R. DiPietro, 2013. "Effects of Connectivity and Freedom on Innovation: An Empirical Test Using Different Data Sources," Review of Economics & Finance, Better Advances Press, Canada, vol. 3, pages 83-89, February.
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