How to measure innovation? New evidence of the technology-growth linkage

Joao Jalles

Research in Economics, 2010, vol. 64, issue 2, 81-96

Abstract: It is an undoubtful fact that economic growth depends, ultima ratio, on the production of new ideas. This article aims to contribute to the long-standing debate on the choice of the best proxy to measure innovation and technological diffusion, by offering alternative variables which are tested empirically by means of a panel dataset of 73 countries between 1980 and 2005. Two different proxies of technological progress (patents and a Intellectual Property Rights Index) are used to explain different growth rates of income per capita and, after controlling for endogeneity, our results suggest that both have a positive effect on innovation (and economic growth).

Keywords: Growth; Innovation; Patents; Intellectual; property; rights; Fixed; effects; GMM (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:64:y:2010:i:2:p:81-96

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