Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2264371
Does global economic reform accentuate technological innovation? A comparative evidence around the world
Jun Wen
Chukwuemeka Valentine Okolo
Sažetak
Technology innovation improves efficiency, gives society new and
enhanced goods and services through economic reform, and
raises their living conditions. This study examined the impact of
economic reform on technological innovation using the system
generalised method of moments and panel quantile regressions
to account for simultaneity and reverse causality. The empirical
findings conclude that economic reform significantly impacted
technological innovation in 79 nations from 1995 to 2017. More
importantly, we verify the positive effect of economic reform on
technological innovation by addressing endogenous and robustness
checks via various methods and sub-samples. Furthermore,
the mechanism of this relationship was explored. Therefore, the
research findings offer an alternative method for national
”gove’nments to promote innovation output by reinforcing government
effectiveness, financia” sec’or development, and the
degree of democracy transparency. Finally, economic proposals
are discussed based on the findings and estimation strategies.
Ključne riječi
Economic reforms; technological innovation; panel data; government effectiveness; financial sector development
Hrčak ID:
315157
URI
Datum izdavanja:
30.10.2023.
Posjeta: 59 *