Determinants of innovation outcomes: The role of institutional quality

Abhijit Sharma; Cristina Sousa; Richard Woodward

doi:10.1016/j.technovation.2022.102562

Determinants of innovation outcomes: The role of institutional quality

Abhijit Sharma, Cristina Sousa, Richard Woodward

School of Global Business

Research output: Contribution to journal › Article › peer-review

Abstract

This paper uses unconditional quantile regression analysis to interrogate the effects of institutional quality on innovation outcomes. We assess important determinants of innovation such as property rights (including enforcement of intellectual property rights), human resources within R&D and high-technology exports. Regarding intellectual property rights, while most previous research focuses on patent strength (de jure or book law), we focus on de facto patent enforcement. Using data from the World Bank, the Heritage Foundation and a new patent enforcement index, we construct a panel of fifty countries covering 1998–2017. Our analysis reveals important new insights including the strongly negative impact of patent enforcement and human resources within R&D on less innovative economies, and the varying impacts across quantiles for key variables such as high-technology exports.

Original language	English
Article number	102562
Journal	Technovation
Volume	118
DOIs	https://doi.org/10.1016/j.technovation.2022.102562
Publication status	Published - Dec 2022

Keywords

Innovation
Institutions
Patent enforcement
Unconditional quantile regression

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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title = "Determinants of innovation outcomes: The role of institutional quality",

abstract = "This paper uses unconditional quantile regression analysis to interrogate the effects of institutional quality on innovation outcomes. We assess important determinants of innovation such as property rights (including enforcement of intellectual property rights), human resources within R\&D and high-technology exports. Regarding intellectual property rights, while most previous research focuses on patent strength (de jure or book law), we focus on de facto patent enforcement. Using data from the World Bank, the Heritage Foundation and a new patent enforcement index, we construct a panel of fifty countries covering 1998–2017. Our analysis reveals important new insights including the strongly negative impact of patent enforcement and human resources within R\&D on less innovative economies, and the varying impacts across quantiles for key variables such as high-technology exports.",

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AU - Woodward, Richard

PY - 2022/12

Y1 - 2022/12

N2 - This paper uses unconditional quantile regression analysis to interrogate the effects of institutional quality on innovation outcomes. We assess important determinants of innovation such as property rights (including enforcement of intellectual property rights), human resources within R&D and high-technology exports. Regarding intellectual property rights, while most previous research focuses on patent strength (de jure or book law), we focus on de facto patent enforcement. Using data from the World Bank, the Heritage Foundation and a new patent enforcement index, we construct a panel of fifty countries covering 1998–2017. Our analysis reveals important new insights including the strongly negative impact of patent enforcement and human resources within R&D on less innovative economies, and the varying impacts across quantiles for key variables such as high-technology exports.

AB - This paper uses unconditional quantile regression analysis to interrogate the effects of institutional quality on innovation outcomes. We assess important determinants of innovation such as property rights (including enforcement of intellectual property rights), human resources within R&D and high-technology exports. Regarding intellectual property rights, while most previous research focuses on patent strength (de jure or book law), we focus on de facto patent enforcement. Using data from the World Bank, the Heritage Foundation and a new patent enforcement index, we construct a panel of fifty countries covering 1998–2017. Our analysis reveals important new insights including the strongly negative impact of patent enforcement and human resources within R&D on less innovative economies, and the varying impacts across quantiles for key variables such as high-technology exports.

KW - Innovation

KW - Institutions

KW - Patent enforcement

KW - Unconditional quantile regression

UR - https://www.scopus.com/pages/publications/85132431315

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DO - 10.1016/j.technovation.2022.102562

M3 - Article

AN - SCOPUS:85132431315

SN - 0166-4972

VL - 118

JO - Technovation

JF - Technovation

M1 - 102562

ER -

Determinants of innovation outcomes: The role of institutional quality

Abstract

Keywords

UN SDGs

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