Determinants of innovative activities: Evidence from Europe and central Asia region

Chi Keung Lau; Fu Steve Yang; Zhe Zhang; Vincent Leung

doi:10.1142/S0217590815500046

Determinants of innovative activities: Evidence from Europe and central Asia region

Chi Keung Lau, Fu Steve Yang, Zhe Zhang, Vincent 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
Pages (from-to)	1550004
Journal	The Singapore Economic Review
Volume	60
Issue number	1
DOIs	https://doi.org/10.1142/S0217590815500046
Publication status	Published - Mar 2015

Keywords

Foreign direct investment
corruption
innovation
technology transfer

UN SDGs

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

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10.1142/S0217590815500046

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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.",

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AU - Zhang, Zhe

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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

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KW - technology transfer

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SP - 1550004

JO - The Singapore Economic Review

JF - The Singapore Economic Review

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ER -

Determinants of innovative activities: Evidence from Europe and central Asia region

Abstract

Keywords

UN SDGs

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