Determinants of Innovative Activities: Evidence from Europe and Central Asia Region

Chi Keung Marco Lau; Fu Steve Yang; Zhe Zhang; Vincent K. K. Leung

doi:10.1142/S0217590815500046

Determinants of Innovative Activities: Evidence from Europe and Central Asia Region

Chi Keung Marco Lau, Fu Steve Yang, Zhe Zhang, Vincent K. K. Leung

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

40 Citations (Scopus)

Abstract

Recent studies in the innovation literature show that Foreign Direct Investment (FDI) enhances innovations in recipient countries through spill-over effects. In this paper we extend the existing literature by incorporating the corruption index in the estimation procedure. Using a cross-country analysis from the Europe and Central Asia (ECA) region, covering 57 countries over the period of 1995–2010, we find no evidence of FDI spill-over effects on innovations, when corruption is endogenously modelled in the regression. Interestingly, we find that corruption and expenditure on education sector are positively related to the number of patents applications, suggesting anti-corruption programs encourage innovations that promote economic growth. Our study shed light on the national innovations and anti-corruption programs.

Original language	English
Article number	1550004
Journal	Singapore Economic Review
Volume	60
Issue number	1
DOIs	https://doi.org/10.1142/S0217590815500046
Publication status	Published - 26 Feb 2015
Externally published	Yes

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title = "Determinants of Innovative Activities: Evidence from Europe and Central Asia Region",

abstract = "Recent studies in the innovation literature show that Foreign Direct Investment (FDI) enhances innovations in recipient countries through spill-over effects. In this paper we extend the existing literature by incorporating the corruption index in the estimation procedure. Using a cross-country analysis from the Europe and Central Asia (ECA) region, covering 57 countries over the period of 1995–2010, we find no evidence of FDI spill-over effects on innovations, when corruption is endogenously modelled in the regression. Interestingly, we find that corruption and expenditure on education sector are positively related to the number of patents applications, suggesting anti-corruption programs encourage innovations that promote economic growth. Our study shed light on the national innovations and anti-corruption programs.",

keywords = "Foreign direct investment, Corruption, Innovation, Technology transfer",

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T2 - Evidence from Europe and Central Asia Region

AU - Lau, Chi Keung Marco

AU - Yang, Fu Steve

AU - Zhang, Zhe

AU - Leung, Vincent K. K.

PY - 2015/2/26

Y1 - 2015/2/26

N2 - Recent studies in the innovation literature show that Foreign Direct Investment (FDI) enhances innovations in recipient countries through spill-over effects. In this paper we extend the existing literature by incorporating the corruption index in the estimation procedure. Using a cross-country analysis from the Europe and Central Asia (ECA) region, covering 57 countries over the period of 1995–2010, we find no evidence of FDI spill-over effects on innovations, when corruption is endogenously modelled in the regression. Interestingly, we find that corruption and expenditure on education sector are positively related to the number of patents applications, suggesting anti-corruption programs encourage innovations that promote economic growth. Our study shed light on the national innovations and anti-corruption programs.

AB - Recent studies in the innovation literature show that Foreign Direct Investment (FDI) enhances innovations in recipient countries through spill-over effects. In this paper we extend the existing literature by incorporating the corruption index in the estimation procedure. Using a cross-country analysis from the Europe and Central Asia (ECA) region, covering 57 countries over the period of 1995–2010, we find no evidence of FDI spill-over effects on innovations, when corruption is endogenously modelled in the regression. Interestingly, we find that corruption and expenditure on education sector are positively related to the number of patents applications, suggesting anti-corruption programs encourage innovations that promote economic growth. Our study shed light on the national innovations and anti-corruption programs.

KW - Foreign direct investment

KW - Corruption

KW - Innovation

KW - Technology transfer

U2 - 10.1142/S0217590815500046

DO - 10.1142/S0217590815500046

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JO - Singapore Economic Review

JF - Singapore Economic Review

SN - 0217-5908

IS - 1

M1 - 1550004

ER -

Determinants of Innovative Activities: Evidence from Europe and Central Asia Region

Abstract

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