Do economic openness and institutional quality influence patents? Evidence from GMM systems estimates
By N. P. Canh, Christophe Schinckus, S. D. Thanh. The International Economy, 2019
115 citations recorded by the source corpus.
Abstract By using GMM estimators for unbalanced panel data, we examine the effects of institutional quality, trade openness, and FDI flows on innovation in 84 countries for the period between 1996 and 2014. Our results show that, although institutional quality appears as a vital driver for patent applications, FDI flows and trade openness have different influences. Precisely, higher inward FDI flows have a positive effect on the number of patents whereas trade openness might have a negative one. We afterwards discuss the influence of institutional quality on these two effects by showing that the effects of economic openness are enhanced by the improvement of institutional quality. These results are important for policy makers in setting-up the short-run and long-run policies to sustain economic growth.
Subfields: Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/c66f2c028e678fc80d5a1115a43102d96cea2197
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Citations in the corpus
- Green innovation and China’s CO2 emissions – the moderating effect of institutional quality (2021, background): “The resolution of these issues can incentivize companies to increase green innovation input and output to achieve carbon reduction targets (Gugler et al. 2013; Canh, Schinckus, and Thanh 2019).”