How to measure innovation? New evidence of the technology-growth linkage

Joao Jalles

Research output: Contribution to journalArticlepeer-review

25 Citations (Scopus)

Abstract

It is an undoubtful fact that economic growth depends, ultima ratio, on the production of new ideas. This article aims to contribute to the long-standing debate on the choice of the best proxy to measure innovation and technological diffusion, by offering alternative variables which are tested empirically by means of a panel dataset of 73 countries between 1980 and 2005. Two different proxies of technological progress (patents and a Intellectual Property Rights Index) are used to explain different growth rates of income per capita and, after controlling for endogeneity, our results suggest that both have a positive effect on innovation (and economic growth).
Original languageEnglish
Pages (from-to)81-96
Number of pages17
JournalResearch in Economics
Volume64
Issue number2
Early online date10 Nov 2009
DOIs
Publication statusPublished - Jun 2010

Keywords

  • growth
  • innovation
  • patents
  • intellectual property rights
  • fixed effects
  • GMM

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