The Determinants of Innovation Capacity in the Less Innovative Countries in the Euro-Mediterranean Region

The Determinants of Innovation Capacity in the Less Innovative Countries in the... This paper investigates the innovation capacity driving factors in 11 Euro-Mediterranean countries for the period 2000–2012. The countries are chosen according to its capacity for innovation index and the availability of statistics. Our robust estimation is based on the one-step system generalized method of moments (GMM). We found that the most of hypothesis elaborated in the context of developed and emerging countries do not fit with the context of the less innovative countries as they are not knowledge-based economies. The economic growth, the foreign investment (FDI), and the employment in R&D are positive factors that foster the innovation. However, the labor force with tertiary education, the wages, the private funding of R&D, the financial development, and the technological infrastructure are negative factors that deter the innovation. Moreover, this study bridges a gap in the extant literature by examining the main determinants of the innovation capacity in the developing countries located in the same region. Neither this sample of the countries nor this time period has been the subject of investigation by other researchers in the literature. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of the Knowledge Economy Springer Journals

The Determinants of Innovation Capacity in the Less Innovative Countries in the Euro-Mediterranean Region

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Publisher
Springer Journals
Copyright
Copyright © 2015 by Springer Science+Business Media New York
Subject
Economics; Political Economy/Economic Policy; R & D/Technology Policy; Entrepreneurship
ISSN
1868-7865
eISSN
1868-7873
D.O.I.
10.1007/s13132-015-0347-3
Publisher site
See Article on Publisher Site

Abstract

This paper investigates the innovation capacity driving factors in 11 Euro-Mediterranean countries for the period 2000–2012. The countries are chosen according to its capacity for innovation index and the availability of statistics. Our robust estimation is based on the one-step system generalized method of moments (GMM). We found that the most of hypothesis elaborated in the context of developed and emerging countries do not fit with the context of the less innovative countries as they are not knowledge-based economies. The economic growth, the foreign investment (FDI), and the employment in R&D are positive factors that foster the innovation. However, the labor force with tertiary education, the wages, the private funding of R&D, the financial development, and the technological infrastructure are negative factors that deter the innovation. Moreover, this study bridges a gap in the extant literature by examining the main determinants of the innovation capacity in the developing countries located in the same region. Neither this sample of the countries nor this time period has been the subject of investigation by other researchers in the literature.

Journal

Journal of the Knowledge EconomySpringer Journals

Published: Dec 23, 2015

References

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