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The innovation-economic growth nexus: Global evidence

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Author Info

  • Hasan, Iftekhar
  • Tucci, Christopher L.

Abstract

This paper extends the line of research attempting to link innovation to economic growth by addressing some unexplored questions. Using global patent data, this paper empirically investigates the importance of both the quantity and quality of innovation on economic growth, controlling for past measures of inventive inputs. Moreover, our research examines how innovation inputs can be translated into per capita growth under the various economic structures and stages of economic development. Based on a sample of 58 countries for the period 1980-2003, our empirical results indicate that countries hosting firms with higher quality patents also have higher economic growth. Furthermore, we have some evidence that those countries that increase the level of patenting also witness a concomitant increase in economic growth.

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File URL: http://www.sciencedirect.com/science/article/B6V77-50T0S8C-1/2/d5e167b7741e398dd8357784d4f9bdd9
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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 39 (2010)
Issue (Month): 10 (December)
Pages: 1264-1276

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Handle: RePEc:eee:respol:v:39:y:2010:i:10:p:1264-1276

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Web page: http://www.elsevier.com/locate/respol

Related research

Keywords: Innovation Economic growth Patents;

References

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Citations

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Cited by:
  1. Goldbach, Stefan, 2012. "Innovation and Education: Is there a 'Nerd Effect'?," Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62307, Verein für Socialpolitik / German Economic Association.
  2. Jacobo Campo Robledo, 2012. "Impacto De Las Patentes Sobre El Crecimiento Económico: Un Modelo Panel Cointegrado [Impact of Patents on Economic Growth: A Cointegrated Panel Data Model]," Working Papers hal-00744361, HAL.
  3. Jacobo Campo Robledo & Juan Pablo Herrera Saavedra, 2014. "Patentes y Crecimiento Económico:¿Innovación de Residentes o No Residentes?," ESTUDIOS ECONÓMICOS SIC 010909, SUPERINTENDENCIA DE INDUSTRIA Y COMERCIO.

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