The Impact of National Culture on Innovation: A Comparative Analysis between Developed and Developing Nations during the Pre- and Post-Crisis Period 2007–2021

Han-Sol Lee (), Sergey U. Chernikov, Szabolcs Nagy and Ekaterina A. Degtereva
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Han-Sol Lee: Department of Marketing, Peoples’ Friendship University of Russia, Miklukho-Maklaya, 6, 117198 Moscow, Russia
Sergey U. Chernikov: Department of Marketing, Peoples’ Friendship University of Russia, Miklukho-Maklaya, 6, 117198 Moscow, Russia
Ekaterina A. Degtereva: Department of Marketing, Peoples’ Friendship University of Russia, Miklukho-Maklaya, 6, 117198 Moscow, Russia

Social Sciences, 2022, vol. 11, issue 11, 1-14

Abstract: This empirical study investigates the impact of the Hofstede cultural dimensions (HCD) on the Global Innovation Index (GII) scores in four different years (2007, 2009, 2019 and 2021) to compare the impacts during the pre- and post-crisis (financial and COVID-19) period by employing ordinary least square (OLS) and robust least square (Robust) analyses. The purpose of this study is to identify the impact of cultural factors on the innovation development for different income groups during the pre- and post-crisis period. We found that, in general, the same cultural properties were required for countries to enhance innovation inputs and outputs regardless of pre- and post-crisis periods and time variances. The significant cultural factors (driving forces) of the innovation performance do not change over time. However, our empirical results revealed that not the crisis itself but the income group (either developed or developing) is the factor that influences the relationship between cultural properties and innovation. It is also worth noting that cultural properties have lost much of their impact on innovation, particularly in developing countries, during recent periods. It is highly likely that in terms of innovation, no cultural development or change can significantly impact the innovation output of developing countries without the construction of the appropriate systems.

Keywords: Hofstede cultural dimensions (HCD); Global Innovation Index (GII); financial crisis; COVID-19; comparative analysis (search for similar items in EconPapers)
JEL-codes: A B N P Y80 Z00 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: The Impact of National Culture on Innovation A Comparative Analysis between Developed and Developing Nations during the Pre and Post Crisis Period 2007_2021 (2022)
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