Does institutional quality drive innovation? Evidence from system-GMM estimates

Emrah Koçak

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the influence of institutional quality on innovation performance in developing countries by employing annual data from 1997-2014. The system-generalized method of moments (GMM) is used as the empirical method. Estimation results reveal that bureaucratic quality, government stability, democratic accountability, and law and order indicators that represent institutional quality have had a positive influence on innovation performance. These results indicate that improving the institutional structure in the developing countries would have a significant contribution to the innovation process and hence economic development

Keywords: Institutions; Innovation; Panel data; System-GMM. (search for similar items in EconPapers)
JEL-codes: D02 O43 Q55 (search for similar items in EconPapers)
Date: 2017-12-01
New Economics Papers: this item is included in nep-cse
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Citations: View citations in EconPapers (3)

Published in The Empirical Economics Letters 16.12(2017): pp. 1367-1374

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:90299

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