Does institutional quality impact innovation? Evidence from cross-country patent grant data
AbstractThis article contributes to the literature on institutions and economic growth by conducting an empirical examination of the links between innovation and institutions. Using cross-country data and the instrumental variable method, this study finds that institutional arrangements explain much of the cross country variations in patent production. Our results also imply that controlling for institutional quality, geographic related variables are not significant in explaining patent production. This article also finds evidence to support the idea that in the long run human capital accumulation is an important factor in shaping institutions.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 45 (2013)
Issue (Month): 7 (March)
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