Democracy's limited impact on innovation: Panel data evidence from developing countries.

ABSTRACT: This study investigates the relationship between democracy and innovation across 61 developing countries from 2013 to 2020, utilizing data from Global Innovation Index. Employing the Freedom House Index and Polity2 indicators as proxies for democracy, research employs Ordinary Least Squares (OLS), Fixed Effects and SystemGMM techniques to analyze their impact on innovation. The findings of the study reveal no statistically significant relationships between democracy and innovation in developing nations within specified timeframe. Through empirical analysis, including various econometric approaches, it is observed that the level of democracy as measured by these indicators, does not appear to exert a discernable impact on the innovation landscape of these countries. These results carry impo

SUBMITTER: Ahmed M 

PROVIDER: S-EPMC10942087 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature