Original scientific paper

INSTITUTIONAL GEARING, INNOVATION AND ECONOMIC GROWTH: EMPIRICAL ESTIMATION FOR 32 ECONOMIES

Marisol Borges Q. ; University of Veracruz PhD student, Accounting and Administration Faculty, Mexico
Edgar J. Saucedo A. orcid.org/0000-0002-0373-7804 ; University of Veracruz Institute of Economics and Social Studies, Mexico
Jesús Díaz P. ; Autonomous Metropolitan University- Iztapalapa Department of Economics, Mexico

Abstract

The objective of the paper is to estimate the relationship between institutional gearing and economic growth for 32 economies of the world. For this it is considered that institutional gearing is the positive effect that one institution has over another, but also above all the system that generates innovation. In addition, other variables were included that affect innovation. To do this, we estimate a data model panel with fixed effects for the period 2011-2015. The results show that institutional gearing, high technology exports and capital stock have a positive effect on economic growth. We conclude that the positive effect of the existence of an institution on another institution and on the system of innovation (institutional gearing) has a positive effect on the economic growth of the countries used.

Keywords

institutional gearing; economic growth; innovation

Hrčak ID:

187381

URI

https://hrcak.srce.hr/187381

Publication date:

9.10.2017.

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