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Democratization is the determinant of technological change

Mario Coccia ()

CERIS Working Paper from Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY -NOW- Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY

Abstract: The purpose of this paper is to analyze the relationship between democracy and technological innovation. The primary findings are that most free countries, measured with liberal, participatory, and constitutional democracy index, have higher technological innovation than less free and more autocratic countries, so that the former have a higher interaction among social, economic and innovation systems with fruitful effects on economic growth and the wealth of nations. In fact “democracy richness” in these countries displays a higher rate of technological innovation. In addition, democratization is an antecedent process (cause) to technological innovation (effect), which is a major wellknown determinant of economic growth. These findings lead to the conclusion that policy makers need to be cognizant of positive association between democratization and technological innovation to sustain modern economic growth and future technological progress in view of the accelerating globalization.

Keywords: Democratization; Technological Innovation; Patents; Royalty Licenses Fee; Economic Grow (search for similar items in EconPapers)
JEL-codes: F00 O33 O34 O57 P00 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2008-12
New Economics Papers: this item is included in nep-ino, nep-knm and nep-pol
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