Innovation is an important source of economic growth. It increases productivity and creates wealth by freeing up … resources to be used for other activity and hence more output. Despite its economic importance, innovation is still not fully … understood and is difficult to predict. In pre-modern societies, institutions and practices worked against innovation by aiming …

This study examined the non-linear relationship between financial development and innovation using generalized method … for the period 1996 to 2010. An inverted U-shaped non-linear relationship between finance and innovation was observed …. This finding implies that finance enhances innovation only up to a certain level. Beyond that level, further development of …

origin and diffusion of technological innovation across economies. This study suggests that institutional change, based on a … of technological innovation, can propose best practices directed to support a higher economic freedom in society …, effective regulation, higher economic and political stability, good economic governance and higher level of education system …

How does policy affect innovation and the digital economy? We revisit how standard product market regulation affects … innovation and develop a novel framework for thinking about digital regulation. Using new establishment-level micro-data across … 12 countries between 1998 and 2012, this paper first estimates the effect of competition policy on innovation. We find …

individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation …

This study explores the impact of social capital on innovation by constructing a more general measure of social capital … that social capital has a positive impact on innovation at the national level. After controlling for R&D expenditure and … human capital there is a positive relationship between social capital and innovation. Social capital interacts with …

innovative technologies. In doing so, it brings to the fore a two-way interaction between human capital and innovation. The paper … component, namely, education. In light of these potential trade-offs, governments in low-income countries need to use their …

This study explores the impact of social capital on innovation by constructing a more general measure of social capital … that social capital has a positive impact on innovation at the national level. After controlling for R&D expenditure and … human capital there is a positive relationship between social capital and innovation. Social capital interacts with …