How can policy makers foster innovation? Observations from an analysis of OECD countries.

In this paper, we discuss the main determinants of innovation in OECD countries using annual data covering the period 2006–2015. Panel techniques, including Kao co-integration, fully modified ordinary least squares (FMOLS) and panel Granger causality tests, are implemented to investigate the causal...

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Publicado en:Innovation: The European Journal of Social Sciences Vol. 35; no. 2; pp. 309 - 323
Autores principales: Kirikkaleli, Dervis, Ozun, Alper, Sari, Arif
Formato: Artículo
Publicado: Taylor & Francis Ltd Jun2022
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: How can policy makers foster innovation? Observations from an analysis of OECD countries.
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          Kirikkaleli, Dervis
          Ozun, Alper
          Sari, Arif
        affil:
          Department of Banking and FinanceFaculty of Economics and Administrative Sciences, European University of Lefke, Lefke, Northern Cuprus, via Mersin-10, Northern Cyprus, TR-10 Mersin, Turkey
          Department of Economics, University of Cambridge, The Austin Robinson Building, Sidgwick Ave, Cambridge, CB3 9DD, UK
          MIS, Girne American University, T.R.N.C., via Mersin-10, Girne, Turkey
      su:
        Granger causality test
        Preparedness
        Educational quality
        Countries
      sug:
        subj:
          Granger causality test
          Preparedness
          Educational quality
          Countries
      keyword:
        FMOLS
        Granger causality
        innovation
        OECD countries
        panel data
        FMOLS
        Granger causality
        innovation
        OECD countries
        panel data
      ab: In this paper, we discuss the main determinants of innovation in OECD countries using annual data covering the period 2006–2015. Panel techniques, including Kao co-integration, fully modified ordinary least squares (FMOLS) and panel Granger causality tests, are implemented to investigate the causal and long-term linkages. Our empirical findings reveal that the macroeconomic environment, business sophistication, quality of the education system, technological readiness and infrastructure have significant and positive impacts on innovation in the long term.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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