The Impact of Innovation on Economic Growth in Developed and Developing Countries
Subject Areas : SpecialMohammad Hassanzadeh 1 , Hatef Hazeri 2 , Zahra Davazdahemami 3
1 - Associate Professor, Faculty of Social Sciences, University of Mohaghegh Ardabili, Ardabil, Iran
2 - Associate Professor, Faculty of Social Sciences, University of Mohaghegh Ardabili, Ardabil, Iran
3 - Graduated in Economics, Economic Development and Planning, Faculty of Social Sciences, University of Mohaghegh Ardabili, Ardabil, Iran
Keywords: Innovation, Economic Growth, Developed Countries, Developing Countries,
Abstract :
Innovation is one of the most important means of companies' competitiveness, which, if appropriate infrastructures are provided, can lead to economic growth of countries through scientific and technological development. In this study, the impact of the number of patents as one of the most important measures of innovation on the economic growth of selected developed and developing countries during the period of 2000-2020 has been analyzed with a panel data approach. Experimental results show that, taking into account control variables, innovation has a positive and significant effect on economic growth in developed and developing countries. The comparison of the impact of innovation in the two studied groups shows that in developing countries that have a lower level of innovation, the effect of innovation on economic growth is greater than in developed countries. Based on this, supporting innovation, intellectual property rights and strengthening institutions related to the national innovation system in order to strengthen and extend innovation as one of the basic factors of economic growth should be considered in national planning
ربیعی، مهناز (1388). اثر نوآوري و سرمايه انساني بر رشد اقتصادي در ايران. نشریه دانش و توسعه، سال شانزدهم، شماره 26، ص 142-122.
شهبازی، کیومرث؛ حسن زاده، اکبر و جعفرزاده، بهروز (1393). بررسی تاثیر کارآفرینی و نوآوری بر رشد اقتصادی (رهیافت داده¬های تابلویی). دوفصلنامه نوآوری و ارزش کارآفرینی، سال دوم، شماره 5، ص 54-43.
فشاری، مجید و ولی بیگی، مجتبی (1396). تاثیر نظام نوآوری بر رشد اقتصادی کشورهای در حال توسعه از منظر سیاست گذاری (رهیافت داده های تابلویی). فصلنامه علمی پژوهشی مطالعات بین رشته ای دانش راهبردی، سال هفتم، شماره 29 ص 94-75.
منجذب، محمدرضا و نصرتی، رضا (1397). مدل‌های اقتصادسنجی پیشرفته همراه با ایویوز و استتا. چاپ اول، تهران: انتشارات کتاب مهربان.
نصیری اقدام؛ علی؛ دهقان طرزجانی، علیرضا؛ رضایی، علی و بیک محمدلو، حسن (1390). تاثیر نوآوری بر رشد اقتصادی (مطالعه موردی کشورهای منتخب اسلامی). فصلنامه علمی پژوهشی تحقیقات مدیریت آموزشی، سال سوم، شماره 1، ص 182-159.
نوفرستی، محمد (1391). ریشه واحد و همجمعی در اقتصاد سنجی. چاپ پنجم، تهران: موسسه خدمات فرهنگی رسا.
Aghion, P., & Akcigit, U. (2015). Innovation and Growth: The Schumpeterian perespective. Cambridge University Press.
Aghion, P., & Howitt, P. (1998). Endogenous Growth Theory. MIT Press.
Alvarez, R., & Lopez, R. (2005). Exporting and Performance: Evidence from Chilean Plants. Canadian Journal of Economics, (38)4, 1384-1400.
Arrow, K. (1962). The Economic Implications of Learning by Doing. Review of Economic Studies, 29, 155-173.
Blalock, G., & Gertler, p. (2004). Learning from Exporting Revisited in a Less Developed Country. Journal of Development Economics, (75)2, 397-416.
Cetin, M. (2013). The Hypothesis of Innovation-based Economic Growth: a causal relationship. International Journal of Economic and Administrative Studies, (6)11, 1–16.
Dixit, A.K., & Stiglitz J. E. (1977). Monopolistic Competition and Optimum Product Diversity. The American Economic Review, (67)3, 297-308.
Fagerberg, J. (2003). Innovation: A Guide to the literature. Working Papers on Innovation Studies, Centre for Technology, Innovation and Culture, University of Oslo.
Fatou, C., & Choi, J. E. (2013). Do Firms Learn by Exporting or Learn to Export: Evidence from Senegalese Manufacturers Plants. Working Paper Series, No. 191, African Development Bank Group.
Galindo, M. A., & Mendez, M.T. (2014). Entrepreneurship, Economic Growth and Innovation: are feedback effects at work. Journal of Business Research, (67)5, 825–829.
Gault, F. (2018). Defining and Measuring Innovation in all Sectors of the Economy. Research Policy, (47)3, 617–622.
Greenaway, D., & Kneller, R. (2007). Firm Heterogeneity, Exporting and Foreign Direct Investment. The Economic Journal, (117)517, 134-161.
Hassan, I., & Tucci, CH. L. (2011). The Innovation-Economic Growth nexus: global evidence. Research Policy, (39)10, 1264-1276.
Hiep, N., & Otha H. (2009). Superiority of Exporters and the Causality between Exporting and Firm Characteristics in Vietnam. Research Institute for Economics & Business Administration, Kobe University Discussion paper series 239.
Legrand, M. D. P., & Hagemann, H. (2017). Business Cycles, Growth, and Economic Policy: Schumpeter and the Great Depression. Journal of the History of Economic Thought, (39)1, 19-33. Lucas, R.E. (1988). On the mechanics of economic development. Journal of Monetary Economic, (22)1, 3-42.
Pece, A.M., Simona, O.E.O., & Salisteanu, F. (2015). Innovation and Economic Erowth: An Empirical Analysis for CEE Countries. Procedia Economics and Finance, (26)1, 461– 467.
Pradhan, R. P., Arvin M. B., & Bahmani, S. (2018). Are Innovation and Financial Development causative factors in Economic Growth? Evidence from a panel granger causality test. Journal of Technological Forecasting and Social Change, (132), 130-142.
Rodil, O., Vence, x., & Carmen, M. C. (2016.) The Relationship between Innovation and Export behaviour: The case of Galician firms. Technological Forecasting and Social Change, 113, 248-265.
Romer, P. (1990). Human capital and growth: theory and evidence. Nber Working Paper, No. W3173.
Schumpeter, J.A. (1942). The Theory of Economic Development. Cambridge. MA: Harvard University Press.
Utar, H. (2009). Learning by Exporting Through Access to Foreign Technical Service Markets. Mimeo.
