A cross-country comparison of the effects of institutions on internationally oriented innovation
Irina Ervits () and
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Irina Ervits: Cologne Business School
Malgorzata Zmuda: Cologne Business School
Journal of International Entrepreneurship, 2018, vol. 16, issue 4, 486-503
Abstract In this paper, we probe the relationship between institutions and internationally oriented innovation. For the first time, we use Patent Cooperation Treaty statistics as a new source of national-level data on the inventive activities of internationally oriented innovators, which we refer to as “global innovators.” One third of global innovators are small- and medium-sized enterprises (SMEs). We apply these new data and investigate the effects of corruption and business climate on patenting activity. It is ascertained herein that the inventive activity of global innovators has a linear relationship with institutional factors, while there is no observed relationship between the quality of the institutional environment and PCT patenting by multinational enterprises (MNEs).
Keywords: Innovation; Invention; Institutions; Inventive activity; Patent statistics; Corruption; Institutional quality (search for similar items in EconPapers)
JEL-codes: O30 O38 O57 L25 (search for similar items in EconPapers)
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