Evaluating innovative factors of the global innovation index: A panel data approach

Muhammad Hamid Nasir and Sen Zhang

Innovation and Green Development, 2024, vol. 3, issue 1

Abstract: This study examines the connection between innovation inputs, outputs, and efficiency. Additionally, to establish the connections between the global innovation mechanisms. Furthermore, a closer look at how factors are distinguished and found to be significant based on a country's level of income. To develop the technique in this quantitative research, we utilized panel data from 105 countries and gathered data from the GII, WIPO, and WDI. In light of this, panel-corrected standard errors with robust regression and panel quantile regression techniques were used to obtain the long-run estimations. There were also two methods used to compare the results: two-stage least squares for robustness endogeneity and augmented mean group for cross-section dependency. This research demonstrates that the method is reliable and suggests that countries are open to expansion in innovation inputs, outputs, and efficiency. It also suggests that countries should record problems associated with how well innovations are implemented. In addition, a proper evaluation must be carried out, which includes the development of innovation strategies that consider the varying economic situations of the countries included in this research. Performance in innovation is essential for global success, and this paper investigates the relationship between GII, input, output, and efficiency with creative performance.

Keywords: Global innovation index; Innovation efficiency index; Innovation input and output index; PCSE; PQR (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2949753123000644
Open-access

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ingrde:v:3:y:2024:i:1:s2949753123000644

DOI: 10.1016/j.igd.2023.100096

Access Statistics for this article

Innovation and Green Development is currently edited by Hai-Jie Wang and Chun-Ping Chang

More articles in Innovation and Green Development from Elsevier
Bibliographic data for series maintained by Catherine Liu ().