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The Effect of Innovation Performance on Dimensions of the Globalization

Author

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  • Mesut Savrul

    () (Çanakkale Onsekiz Mart Üniversitesi)

Abstract

Developments such as deployment of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers are associated with Globalization phenomenon. Although globalization is not new it is used more commonly and associated with a new subject every day. Globalization is frequently associated with economic growth via expanding international trade, cross-border transfer of financial resources, increased foreign investments, growing multinational enterprises and joint ventures. However this new world of globalization resulted in greater international competition for the countries and obliged them to be innovative in order to remain at the forefront in the global competition environment. It is generally accepted that there is a strong relationship between innovation and globalization. However globalization doesn’t influence high income and low income countries same way. Furthermore different dimensions of globalization is affected by the innovation in a different way. In this paper innovation performance of the countries and the relationship between the dimension of globalization is investigated. The data is extracted from INSEAD Innovation Indexes and KOF Globalization Index and tested using panel regression analysis. The results have shown that except political globalization the relation connection between innovation and economic and social dimensions of globalization is significant and positive.

Suggested Citation

  • Mesut Savrul, 2016. "The Effect of Innovation Performance on Dimensions of the Globalization," Eurasian Eononometrics, Statistics and Emprical Economics Journal, Eurasian Academy Of Sciences, vol. 3(3), pages 56-67, January.
  • Handle: RePEc:eas:econst:v:3:y:2016:i:3:p:56-67
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    References listed on IDEAS

    as
    1. Yuriy Gorodnichenko & Jan Svejnar & Katherine Terrell, 2010. "Globalization and Innovation in Emerging Markets," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(2), pages 194-226, April.
    2. Pietro Moncada-Paternò-Castello & Marco Vivarelli & Peter Voigt, 2011. "Drivers and impacts in the globalization of corporate R&D: an introduction based on the European experience," Industrial and Corporate Change, Oxford University Press, vol. 20(2), pages 585-603, April.
    3. Noel Gaston & Ahmed M. Khalid (ed.), 2010. "Globalization and Economic Integration," Books, Edward Elgar Publishing, number 13767, June.
    4. Pilat, Dirk, 2004. "The Economic Impacts of ICT : A European Perspective," IIR Working Paper 05-07, Institute of Innovation Research, Hitotsubashi University.
    5. Gao Shangquan, 2000. "Economic Globalization: Trends, Risks and Risk Prevention," CDP Background Papers 001, United Nations, Department of Economics and Social Affairs.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    innovation; innovation index; dimensions of globalization; economic globalization; political globalization; social globalization;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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