INVESTIGATING THE IMPACT OF CIVIL LIBERTIES AND CREATIVE CLASS ON INNOVATION OUTPUT AND ECONOMIC GROWTH: AN EMPIRICAL CASE STUDY FOR PAKISTAN
Abdul Aleem Najam,
Muhammad Zahid Naeem,
Birau Ramona and
Ninulescu Petre Valeriu
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Abdul Aleem Najam: SCHOOL OF ECONOMICS, UNIVERSITY OF THE PUNJAB, LAHORE, PAKISTAN
Muhammad Zahid Naeem: SCHOOL OF BUSINESS AND ECONOMICS, UNIVERSITY OF BRUNEI DARUSSALAM, BRUNEI DARUSSALAM
Birau Ramona: FACULTY OF ECONOMIC SCIENCE, UNIVERSITY CONSTANTIN BRANCUSI, TG-JIU, ROMANIA
Ninulescu Petre Valeriu: UNIVERSITY OF CRAIOVA, DOCTORAL SCHOOL OF ECONOMIC SCIENCES, CRAIOVA, ROMANIA
Annals - Economy Series, 2023, vol. 3, 14-31
Abstract:
Innovations play a crucial role to foster the economic growth and sustainable development by addressing urgent economic and social needs, and by enhancing productivity and competitiveness. Due to its significance, this study examines the impact of civil liberties and creative class on innovation output in case of Pakistan. Innovation output is proxied by patent and trademark applications of residents of Pakistan. The study employs a time series data over the period of 1982-2014 and negative binomial method to test the hypotheses empirically. The results implicitly support the hypotheses that lesser civil liberties are negatively related to the innovation output. Whereas, explicitly lesser civil liberties negatively but insignificantly related to the patent applications and are significantly positively related to the trademark applications. Creative class and school enrollment positively significantly related to the innovation output. Other factors such as, political rights and foreign direct investment negatively insignificantly relates to the trademark applications whereas positively significantly relates to patent applications. Expenditures on education as percentage of GDP (Proxy of R&D) negatively and significantly relates to trademark applications but negatively insignificantly to patent applications.
Keywords: Creative Class; Civil Liberties; Innovation; economic growth; Gross domestic product (GDP) (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2023:v:3:p:14-31
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