Title

Nexus between government effectiveness and technologicalinnovation: empirical evidence from cross countries panel data

Abstract/Description

Literature on relationship between government effectiveness (GE) and economic growth is in bulk; however only a few studies have focused on nexus between GE and technological innovation, among them most of the studies have analyzed the same case for firm level innovation in a single country. While, the studies on the link between GE and national technological innovation for cross countries is very limited. Thus, this study aims to investigate the impact of GE on technological innovation for cross countries. We employ OLS, Panel negative binomial and panel quantile regression on a panel data set of 58 economies for 2002 to 2018. The results of the study suggest that effective governance significantly increases national technological innovation in cross countries. Furthermore, the results from various robustness tests and different groups of countries (OECD and Non-OECD) also support our baseline results. The outcomes of this study are important for policymakers in framing better policies for fostering national technological innovation through effective governance.

Session Theme

Governance, Finance and Fiscal Policy - Session IC

Session Type

Parallel Technical Session

Session Chair

Dr. Sana Tauseef, Chairperson, Department of Finance, Institute of Business Administration, Karachi

Session Discussant

Dr. Hilal Butt, Associate Professor, Institute of Business Administration, Karachi

Start Date

2-4-2021 2:30 PM

End Date

2-4-2021 4:00 PM

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Apr 2nd, 2:30 PM Apr 2nd, 4:00 PM

Nexus between government effectiveness and technologicalinnovation: empirical evidence from cross countries panel data

Literature on relationship between government effectiveness (GE) and economic growth is in bulk; however only a few studies have focused on nexus between GE and technological innovation, among them most of the studies have analyzed the same case for firm level innovation in a single country. While, the studies on the link between GE and national technological innovation for cross countries is very limited. Thus, this study aims to investigate the impact of GE on technological innovation for cross countries. We employ OLS, Panel negative binomial and panel quantile regression on a panel data set of 58 economies for 2002 to 2018. The results of the study suggest that effective governance significantly increases national technological innovation in cross countries. Furthermore, the results from various robustness tests and different groups of countries (OECD and Non-OECD) also support our baseline results. The outcomes of this study are important for policymakers in framing better policies for fostering national technological innovation through effective governance.