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Investments in R&D and Innovative Behavior: An Exploratory Cross-Country Study

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  • Link, Albert

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

The relationship between investments in research and development (R&D) and innovative behavior, measured in terms of new products or services being delivered to the market, is well documented in the literature. This paper departs from the extant literature in that the unit of observation is a country rather than a firm. Using World Bank aggregate data, this level of analysis thus allows for a systematic study of cross-country observations on an R&D Innovation relationship.

Suggested Citation

  • Link, Albert, 2020. "Investments in R&D and Innovative Behavior: An Exploratory Cross-Country Study," UNCG Economics Working Papers 20-10, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2020_010
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    References listed on IDEAS

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    1. Albert N. Link & John T. Scott, 2013. "Governments as entrepreneur: Evaluating the commercialization success of SBIR projects," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 2, pages 25-38, Edward Elgar Publishing.
    2. Albert N. Link & John T. Scott, 2013. "Private Investor Participation and Commercialization Rates for Government-sponsored Research and Development: Would a Prediction Market Improve the Performance of the SBIR Programme?," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 11, pages 157-174, Edward Elgar Publishing.
    3. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    4. Gicheva, Dora & Link, Albert N., 2016. "On the economic performance of nascent entrepreneurs," European Economic Review, Elsevier, vol. 86(C), pages 109-117.
    5. Albert N. Link & Cody A. Morris & Martijn Hasselt, 2021. "The impact of the third sector of R&D on the innovative performance of entrepreneurial firms," Small Business Economics, Springer, vol. 57(3), pages 1413-1418, October.
    6. Barasa, Laura & Knoben, Joris & Vermeulen, Patrick & Kimuyu, Peter & Kinyanjui, Bethuel, 2017. "Institutions, resources and innovation in East Africa: A firm level approach," Research Policy, Elsevier, vol. 46(1), pages 280-291.
    7. Steven Bednar & Dora Gicheva & Albert N. Link, 2021. "Innovative activity and gender dynamics," Small Business Economics, Springer, vol. 56(4), pages 1591-1599, April.
    8. Rajeev K. Goel & Michael A. Nelson, 2018. "Determinants of process innovation introductions: Evidence from 115 developing countries," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 39(5), pages 515-525, July.
    9. Albert N. Link & Christopher J. Ruhm, 2013. "Bringing science to market:commercializing from NIH SBIR awards," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 1, pages 3-24, Edward Elgar Publishing.
    10. Albert N. Link & Cody A. Morris & Martijn Hasselt, 0. "The impact of the third sector of R&D on the innovative performance of entrepreneurial firms," Small Business Economics, Springer, vol. 0, pages 1-6.
    11. Protogerou, Aimilia & Caloghirou, Yannis & Vonortas, Nicholas S., 2017. "Determinants of young firms’ innovative performance: Empirical evidence from Europe," Research Policy, Elsevier, vol. 46(7), pages 1312-1326.
    12. Albert N. Link, 2020. "Invention, Innovation and U.S. Federal Laboratories," Books, Edward Elgar Publishing, number 19917.
    13. Goel, Rajeev K, 1990. "The Substitutability of Capital, Labor, and R&D in U.S. Manufacturing," Bulletin of Economic Research, Wiley Blackwell, vol. 42(3), pages 211-227, July.
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    Cited by:

    1. de Lucas Ancillo, Antonio & Gavrila Gavrila, Sorin, 2023. "The Impact of Research and Development on Entrepreneurship, Innovation, Digitization and Digital transformation," Journal of Business Research, Elsevier, vol. 157(C).

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    More about this item

    Keywords

    R&D; Innovation; Developed Economy; Transition Economy; Developing Economy;
    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
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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