| Sumario: | Today innovation is one of the most significant policy tools. From this perspective, the factors affecting innovation are receiving increasing attention. Despite the fact that innovation has the same theoretical meaning for developed and developing countries, its nature differs in terms of the factors affecting it. At the same time, the factors and environment that affect innovation, which is a dynamic process, are changing rapidly. In this respect, these changes and differences should be well observed and analysed. This study investigates how the knowledge production function works on different country groups by comparing the developed and developing G20 countries with similar market size. In this respect, factors affecting innovation output on both developed and developing G20 countries are discussed. For the countries discussed, the study is carried out with panel data analysis covering 1995-2018 period. Driscoll-Kraay and Arellano-Bond GMM methods are used for panel data analysis. According to the empirical findings of the study, it has been observed that R-D has a positive effect on patent output both in case of a model with prior classification of countries with similar market size into developed and developing and in case of a model with no prior classification. It is also well understood that these effects vary according to the country group. Another important result is that unlike R-D other innovation inputs seem to have different effects according to the development classification of countries. While it is observed that different employment sectors have a significant effect on innovative output for all country groups it is understood that this effect differs according to country groups.
|
|---|