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The role of creative innovation in economic growth: Some international comparisons

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  • LeBel, Phillip

Abstract

For many countries, export-driven policies have thus far produced dramatic increases in real per capita income. At the same time, sustainable growth requires that technological innovation proceed at comparable rates if mutual gains from globalization are to be realized. In this paper, we derive a measure of innovation and test the extent to which institutional policy choices enhance or delay its diffusion. To do so we use a panel regression model, with data on a sample of 103 countries in different geographic regions for the 1980-2005 period. Our findings provide empirical evidence of the positive role of creative innovation in economic growth, and from which we derive several basic policy conclusions.

Suggested Citation

  • LeBel, Phillip, 2008. "The role of creative innovation in economic growth: Some international comparisons," Journal of Asian Economics, Elsevier, vol. 19(4), pages 334-347, August.
  • Handle: RePEc:eee:asieco:v:19:y:2008:i:4:p:334-347
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    References listed on IDEAS

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    Cited by:

    1. Mihai Costică & Borza Mioara & Talmaciu Mihai, 2016. "Reaching the Objectives of Sustainable Development on the Basis of the Creative Industries – A South and Eastern European Analysis," Scientific Annals of Economics and Business, De Gruyter Open, vol. 63(1), pages 109-116, March.
    2. repec:kap:iaecre:v:21:y:2015:i:1:p:41-54 is not listed on IDEAS
    3. Jiří Mihola & Petr Wawrosz & Jana Kotěšovcová, 2015. "Is the most innovative firm in the world really innovative?," International Advances in Economic Research, Springer;International Atlantic Economic Society, pages 41-54.
    4. Hallegatte,Stephane & Bangalore,Mook & Jouanjean,Marie Agnes, 2016. "Higher losses and slower development in the absence of disaster risk management investments," Policy Research Working Paper Series 7632, The World Bank.
    5. Bulent Guloglu & R. Tekin, 2012. "A Panel Causality Analysis of the Relationship among Research and Development, Innovation, and Economic Growth in High-Income OECD Countries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 2(1), pages 32-47, June.

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