 Trends and determinants of innovation in Asia and the Pacific vs. Latin America and the CaribbeanIrfan Qureshi, Donghyun Park, Gustavo Crespi and Jose Miguel Benavente Journal of Policy Modeling, 2021, vol. 43, issue 6, 1287-1309 Abstract: During the past few decades, the Asia-Pacific region grew much faster than any other part of the world while Latin America and the Caribbean largely stagnated. Since innovation is a key ingredient of economic growth and becoming a central tenant of policy, we analyze and compare innovation in the two regions. The data clearly show that Asia-Pacific innovates more than Latin America and the Caribbean, which implies that greater innovation may have contributed to its superior growth performance. To offer substantive policy advisory we present novel results. Formal empirical analysis based on panel regression techniques shows that investment in R&D, secondary school enrolment, and infrastructure access have positive effects on innovation. Our descriptive and empirical analysis therefore yield important policy implications for promoting innovation policy in the two regions. Keywords: Innovation; Asia; Latin America; R&D; Patents (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:43:y:2021:i:6:p:1287-1309 DOI: 10.1016/j.jpolmod.2020.06.008 Access Statistics for this article Journal of Policy Modeling is currently edited by A. M. Costa More articles in Journal of Policy Modeling from Elsevier |
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