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Innovation and growth: evidence from Latin American countries

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  • Luis Alfredo Avila-Lopez
  • Chaofeng Lyu
  • Santos Lopez-Leyva

Abstract

This paper aims to analyze the relationship between innovation and per capita economic growth over the long-run for 12 Latin American countries for the period 1996–2015. This study uses six different indicators of innovation. Using Granger causality test, the study finds the presence of unidirectional and bidirectional causalities between innovation and per capita economic growth. These results vary. Latin America is a diverse region, depending upon the types of innovation indicators that we use in the empirical investigation process. It is important to note that all these innovation indicators are considerably linked with per capita economic growth.

Suggested Citation

  • Luis Alfredo Avila-Lopez & Chaofeng Lyu & Santos Lopez-Leyva, 2019. "Innovation and growth: evidence from Latin American countries," Journal of Applied Economics, Taylor & Francis Journals, vol. 22(1), pages 287-303, January.
    • Handle: RePEc:taf:recsxx:v:22:y:2019:i:1:p:287-303
    DOI: 10.1080/02102412.2019.1610624
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    Cited by:

    1. Kais Mtar & Walid Belazreg, 2023. "On the nexus of innovation, trade openness, financial development and economic growth in European countries: New perspective from a GMM panel VAR approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 766-791, January.
    2. Marco Túlio Dinali Viglioni & Mozar José Brito & Cristina Lelis Leal Calegario, 2020. "Innovation and R&D in Latin America and the Caribbean countries: a systematic literature review," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(3), pages 2131-2167, December.
    3. Kais Mtar & Walid Belazreg, 2021. "Causal Nexus Between Innovation, Financial Development, and Economic Growth: the Case of OECD Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(1), pages 310-341, March.
    4. Devran Sanli & Aziz Konukman, 2021. "The Impact of High-Tech Exports on Income: Findings on the Translog Production Function," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 71(71-2), pages 457-498, December.

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