The dynamics of national innovation systems: a panel cointegration analysis of the coevolution between innovative capability and absorptive capacity

Fulvio Castellacci and José Natera

MPRA Paper from University Library of Munich, Germany

Abstract: This paper puts forward the idea that the dynamics of national innovation systems is driven by the coevolution of two main dimensions: innovative capability and absorptive capacity. The empirical analysis employs a broad set of indicators measuring national innovative capabilities and absorptive capacity for a panel of 98 countries in the period 1980-2008, and makes use of panel cointegration analysis to investigate long-run relationships and coevolution patterns among these variables. The results indicate that the dynamics of national systems of innovation is driven by the coevolution of three innovative capability variables (technological output, scientific output, innovative input), on the one hand, and three absorptive capacity factors (income per capita, infrastructures and international trade), on the other.

Keywords: national systems of innovation; innovative capability; absorptive capacity; economic growth and development; coevolution; panel cointegration analysis (search for similar items in EconPapers)
JEL-codes: C33 F00 F43 O10 O30 O40 (search for similar items in EconPapers)
Date: 2011-06
New Economics Papers: this item is included in nep-cse, nep-hme, nep-ino, nep-knm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: The dynamics of national innovation systems: A panel cointegration analysis of the coevolution between innovative capability and absorptive capacity (2013)
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