La Revue des Sciences Commerciales
Volume 17, Numéro 2, Pages 82-110
2018-12-15
What Determine The Effect Of Innovation On Economic Growth? A Descriptive Investigation For High And Middle Income Countries.
Authors : Hammar Nesrine . Belarbi Yacine .
Abstract
This study aims to analyze the effect of R&D expenditures and innovation on economic growth. Also, we put emphasis on the role of other determinants that may have a higher influence than R&D, patent on economic growth. In this study, 28 countries were included during the period 2000-2014. The results provide evidence that R&D spending contributes to economic growth in both high- and middle-income countries, as the theory suggests. Furthermore, the innovation seems impact indirectly through some other factors as: political institutions, or the inflows of foreign direct Investments. Policy makers wanting to stimulate innovation may want to look at the level of the quality of institutions and the level of trade openness as a precondition innovation policy.
Keywords
Innovation ; Economic growth ; High income countries ; Millde income countries
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