Economic freedom and national innovation: evidence for input and production of innovation before country development
Abstract
The objective of this study is to verify the effect of economic freedom on national innovation. Linear Regression models and the DP2 technique were used to synthesize the Global Innovation Index and Index of Economic Freedom indicators from 2013 to 2018. The sample covers 86 to 105 countries, according to each year analyzed. Relationships were verified in the light of Institutional Economic Theory and countries were analyzed by level of economic development. The results show that economic freedom positively assists national innovation and innovation input, more specifically in developing countries. When it comes to innovation production, the ratio is higher for developed countries. Economic freedom can promote the determinants that lead to input or the production of innovation, this will depend on the stage in which the country is. National innovation reacts in response to the institutions rooted in your country.
Published
Issue
Section
License
Authors who publish in this journal agree to the following terms: Authors retain copyright and grant the journal the right of first publication, with the work simultaneously licensed under a Creative Commons Attribution License, which allows the sharing of the work with acknowledgment of authorship and initial publication in this journal. Authors are authorized to enter into additional contracts separately for the non-exclusive distribution of the version of the work published in this journal (e.g., publish in an institutional repository or as a book chapter), with acknowledgment of authorship and initial publication in this journal. All content of the journal, except where identified, is licensed under a Creative Commons Attribution BY-NC License.
