Keywords
National innovation
Institutions
Developing countries
Economic development
How to Cite
Abstract
The aim of this study is to verify the effect of economic freedom on national innovation. Linear Regression models were used, as well as the DP2 technique to synthesize the indicators of the Global Innovation Index and the Index of Economic Freedom in the period from 2013 to 2018. The sample covers 86 to 105 countries, according to each year analyzed. The relationships were verified in the light of the Institutional Economic Theory and the countries were analyzed by the level of economic development. National innovation is formed by the inputs and output of innovation, covering factors that are necessary to develop innovation in a country. Innovation inputs aggregate human capital and research, institutions, infrastructure, market and business issues, all at the national level. The production of innovation are the outputs of knowledge and technology and creative results. The results indicate that economic freedom positively helps national innovation and innovation input, more specifically in developing countries. When it comes to the production of innovation, the relationship is greater for developed countries. Economic freedom can promote the determinants that lead to the input or production of innovation, this will depend on the stage of development in which the country is. National innovation reacts in response to institutions rooted in its country.
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Copyright (c) 2021 Paula Carolina Ferretti, Adriana Kroenke
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