Determinants of Innovative Activities: Evidence from Europe and Central Asia Region

Chi Keung Lau, Fu Steve Yang, Zhe Zhang and Vincent K.K. Leung

MPRA Paper from University Library of Munich, Germany

Abstract: Recent studies in the innovation literature reveal that Foreign Direct Investment (FDI) promotes the innovation activities in the recipent country through spillover effects. In this paper we extend the existing literature by incooprating 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 spillover effect on innovative activity. However, corporate corruption and expenditure on education sector are positively related to the number of patents applications. Our study shed light on the national innovation activities and anti-corruption programs.

Keywords: Foreign direct investment; Corruption; Innovation; Technology transfer (search for similar items in EconPapers)
JEL-codes: D73 F21 O32 O34 O38 (search for similar items in EconPapers)
Date: 2013-01-05
New Economics Papers: this item is included in nep-ino and nep-tra
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Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/47153/1/MPRA_paper_47153.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/52587/10/MPRA_paper_52587.pdf revised version (application/pdf)

Related works:
Journal Article: DETERMINANTS OF INNOVATIVE ACTIVITIES: EVIDENCE FROM EUROPE AND CENTRAL ASIA REGION (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:47153

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