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Exploring science-and-technology-led innovation: a cross-country study

Author

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  • Viju Raghupathi

    (Brooklyn College of the City University of New York)

  • Wullianallur Raghupathi

    (Fordham University)

Abstract

Countries can enhance endogenous innovation using multifaceted incentives for science and technology indicators. We explore country-level innovation using OECD data for research and development (R&D), patents, and exports. We deploy a dual methodology of descriptive visualization and panel regression analysis. Our results highlight industry variances in R&D spending. As a nation develops, governmental expenditure on R&D decreases, and businesses take on an increasing role to fill the gap, increasing local innovation. Our portfolio of local versus foreign resident ownership of patents highlights implications for taxation/innovation policies. Countries with high foreign ownership of patents have low tax revenues due to the lack of associated costs with, and mobility of income from, patents. We call on these countries to devise targeted policies encouraging local patent ownership. Policy makers should also recognize factors influencing high-technology exports for innovation. Lastly, we call on countries to reinstate horizontal and vertical policies, and design national innovation ecosystems that integrate disparate policies in an effort to drive economic growth through innovation.

Suggested Citation

  • Viju Raghupathi & Wullianallur Raghupathi, 2019. "Exploring science-and-technology-led innovation: a cross-country study," Journal of Innovation and Entrepreneurship, Springer, vol. 8(1), pages 1-45, December.
    • Handle: RePEc:spr:joiaen:v:8:y:2019:i:1:d:10.1186_s13731-018-0097-0
    DOI: 10.1186/s13731-018-0097-0
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    Cited by:

    1. Gemici, Evrim & Gemici, Zafer, 2021. "A Comparative Study on Turkey’s Science and Technology (S&T) Indicators," OSF Preprints csyud, Center for Open Science.
    2. Yasmine Eissa & Chahir Zaki, 2023. "On GVC and innovation: the moderating role of policy," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(1), pages 49-71, March.
    3. Ismail Senturk & Fiaz Ahmad Sulehri & Syeda Mehak Ali, 2022. "Financial Development and Innovation Led-Growth: A Case of Selected Developing Countries," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(3), pages 81-97, September.
    4. Alvina Sabah Idrees & Saima Sarwar, 2023. "Spatial convergence clubs and innovation persistence: a country-group comparison of international spatial spillover of innovation capabilities," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(5), pages 4121-4152, October.
    5. Isabel Cavalli & Charlie Joyez, 2021. "The Dynamics of French Universities in Patent Collaboration Networks," GREDEG Working Papers 2021-38, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

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