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Democratization and Firm Innovation: Evidence from European and Central Asian post-Communist States

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  • Zafar Nazarov
  • Anastassia V. Obydenkova

Abstract

The paper analyses the impact of democratisation on firm innovation in European and Central Asian post-communist states using panel-data and cross-sectional approaches. The sample consists of over 25,000 establishments in 25 transition economies. Our empirical analysis provides an array of novel findings to the institutional literature. First, our analysis demonstrates that post-communist democratisation has had a direct impact on firms’ propensity to innovate across transition economies. Second, we find that the relationship between the level of democracy and firm innovation takes the form of a U-shape or inverted U-shape depending on the definition of firm innovation. That is, the states with the lowest and highest levels of democracy exhibit less firm innovation than states with intermediate levels of democracy. The paper contributes to the institutional literature and to studies on the consequences of post-communist regime transition for economic development.

Suggested Citation

  • Zafar Nazarov & Anastassia V. Obydenkova, 2020. "Democratization and Firm Innovation: Evidence from European and Central Asian post-Communist States," Post-Communist Economies, Taylor & Francis Journals, vol. 32(7), pages 833-859, October.
    • Handle: RePEc:taf:pocoec:v:32:y:2020:i:7:p:833-859
    DOI: 10.1080/14631377.2020.1745565
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    Citations

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    Cited by:

    1. Lim, King Yoong & Morris, Diego, 2023. "Business optimism and the innovation-profitability nexus: Introducing the COVID-19 adaptable capacity framework," Research Policy, Elsevier, vol. 52(1).
    2. Zafar Nazarov & Anastassia Obydenkova, 2022. "Public Health, Democracy, and Transition: Global Evidence and Post-Communism," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 160(1), pages 261-285, February.
    3. Raufhon Salahodjaev & Barno Abdullaeva & Shakhnoza Tosheva & Arletta Isaeva, 2021. "Female Parliamentarians and the Distribution of National Happiness," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 16(4), pages 1571-1585, August.
    4. Zaineb Hlioui & Mohamed Gabsi & Abdelwahed Omri, 2022. "Informal Competition Effect on SMEs’ Innovation: Do Credit Constraints Matter? Evidence from Eastern European Countries," Sustainability, MDPI, vol. 14(21), pages 1-23, October.
    5. Nadezhda Filimonova & Anastassia Obydenkova & Vinicius G. Rodrigues Vieira, 2023. "Geopolitical and economic interests in environmental governance: explaining observer state status in the Arctic Council," Climatic Change, Springer, vol. 176(5), pages 1-25, May.
    6. Ilya Stepanov & Igor Makarov & Ekaterina Makarova & Elizaveta Smolovik, 2023. "Climate change and challenges to sustainable development in the Russian Arctic," Climatic Change, Springer, vol. 176(4), pages 1-18, April.
    7. Wang, Quan-Jing & Feng, Gen-Fu & Wang, Hai-Jie & Chang, Chun-Ping, 2021. "The impacts of democracy on innovation: Revisited evidence," Technovation, Elsevier, vol. 108(C).

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