DETERMINANTS OF INNOVATIVE ACTIVITIES: EVIDENCE FROM EUROPE AND CENTRAL ASIA REGION

Chi Keung Marco Lau · Yang Fu · Zhe Zhang · Vincent K.K. Leung

50 citations0/0 files storedThe Singapore Economic Review

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International Business and FDI Economic Growth and Productivity Corruption and Economic Development

Abstract

Recent studies in the innovation literature show that Foreign Direct Investment (FDI) enhances innovations in recipient countries through spill-over effects. In this paper we extend the existing literature by incorporating the corruption index in the estimation procedure. Using a cross-country analysis from the Europe and Central Asia (ECA) region, covering 57 countries over the period of 1995–2010, we find no evidence of FDI spill-over effects on innovations, when corruption is endogenously modelled in the regression. Interestingly, we find that corruption and expenditure on education sector are positively related to the number of patents applications, suggesting anti-corruption programs encourage innovations that promote economic growth. Our study shed light on the national innovations and anti-corruption programs.

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References

1969Investigating Causal Relations by Econometric Models and Cross-spectral Methods 1995Corruption and Growth 1999A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test 1993Innovation and Growth in the Global Economy.1992Innovation and growth in the global economy 2002The determinants of national innovative capacity 2013Systems of Innovation 1998Systems of innovation: Technologies, institutions and organizations

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