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 journalArticlepeer-review

    24 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 languageEnglish
    Pages (from-to)1550004
    JournalThe Singapore Economic Review
    Volume60
    Issue number1
    DOIs
    Publication statusPublished - Mar 2015

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