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Innovation, Corruption, And Economic Growth In Emerging Asia

Author

Listed:
  • Aurolipsa Das

    (NIT Rourkela)

  • Devi Prasad Dash

    (IIM ROHTAK)

  • Narayan Sethi

    (NIT Rourkela)

Abstract

In this paper, we investigate the impact of innovation and corruption on economic growth for 13 emerging Asian economies over the period of 2009 to 2018. Using global innovation and corruption indices, we show that innovation has no significant impact on growth. In contrast, corruption slows down growth in the region. Our results indicate that innovation in the region is not robust enough to attract growth and that corruption is the major hindrance to growth.

Suggested Citation

  • Aurolipsa Das & Devi Prasad Dash & Narayan Sethi, 2020. "Innovation, Corruption, And Economic Growth In Emerging Asia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 23(3), pages 345-362, October.
    • Handle: RePEc:idn:journl:v:23:y:2020:i:3c:p:345-362
    DOI: https://doi.org/10.21098/bemp.v23i3.1183
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    Citations

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    Cited by:

    1. Dokas, Ioannis & Panagiotidis, Minas & Papadamou, Stephanos & Spyromitros, Eleftherios, 2023. "Does innovation affect the impact of corruption on economic growth? International evidence," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 1030-1054.
    2. Nurzhanat Sherimova & Baurzhan Isabekov & Miras Alkeev & Zhanna Yermekova & Tatyana Ostryanina, 2022. "An analytical assessment of industrial sector innovative management in the context of digitalization," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-13, December.
    3. Devi Prasad Dash & Narayan Sethi, 2022. "Pandemics, Lockdown And Economic Growth: A Region-Specific Perspective On Covid-19," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 25(Special I), pages 43-60, March.

    More about this item

    Keywords

    Innovation; Corruption; Economic growth; Asia; Quantile regression;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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