Warianty tytułu
Języki publikacji
Abstrakty
The paper studies the interaction between innovations and international competitiveness and the main objective is to determine the potential impact of innovations on competitiveness and assess the extent of that impact. Therefore, the paper questions (a) whether innovations cause competitiveness, and (b) to what extent the innovations influence competitiveness. Based on the literature review, the export of goods and the number of patent applications (both per million people) are taken as proxies and chosen as indicators for measuring innovations and international competitiveness. Cross-country panel data analysis is performed for a sample of 67 countries over the period of 1993-2020. The selection of countries was based on the availability of data on all variables. The autoregressive model whose dependent variable is the export of goods and the independent variables are the number of patent applications, foreign direct investments, and the real effective exchange rate is estimated using the Random effect model. The results show that patents have a positive impact on export, though its extent is not so significant. The Granger causality test also confirms that patents cause increased export. The research results hold practical value for policymakers. (original abstract)
Twórcy
autor
- Armenian State University of Economics, Yerevan, Republic of Armenia
Bibliografia
- Alekseeva, N., Klochkova, A., & Margaryan, A. (2022). Innovation Cluster As A Tool For Innovative Development Of The Russian Economy. International Scientific Conference: European Proceedings of Social and Behavioural Sciences. 126, 52-62. European Publisher. https://doi.org/10.15405/epsbs.2022.06.7
- Avagyan, G., Vardanyan, K., Petrosyan, G., Navasardyan, M., & Margaryan, A. (2022). Opportunities for increasing the competitiveness of RA Industry. Yerevan: Tntesaget. Retrieved from https://asue.am/upload/files/amberd/Ô±Õ´Õ¢Õ¥Ö-Õ¤ 51.pdf
- Balassa, B. (1965). Trade Liberalization and Revealed Comparative Advantage. Manchester School of Economic and Social Studies, 33, 99-123. https://doi.org/10.1111/j.1467-9957.1965.tb00050.x
- Bronwyn, H., & Mairesse, J. (2006). Empirical studies of innovation in the knowledge-driven economy. Economics of Innovation and New Technology, 15:4-5, 289-299. https://doi.org/10.1080/10438590500512760
- Burhan, M., Singh, K., & Jain, K. (2017). Patents as proxy for measuring innovations: A case of changing patent filing behavior in Indian public funded research organizations. Technological Forecasting and Social Change, 123, 181-190. https://doi.org/10.1016/j.techfore.2016.04.002
- Brugel-European Think Thank. Retrieved from https://www.bruegel.org/publications/datasets/real-effective-exchange-rates-for-178-countries-a-new-database
- European Commission. (2021). Retrieved from https://ec.europa.eu/eurostat/web/products-datasets/-/tipsex20
- European Commission, Directorate-General for Research and Innovation. (2021). Patents as a measure of innovation performance: selection and assessment of patent indicators: provision of technical assistance and study to support the development of a composite indicator to track clean-energy innovation performance of EU members. Publications Office. Retrieved from https://data.europa.eu/doi/10.2777/77424
- Gujarati, D. N. (2003). Basic Econometrics (4th ed.). New Delhi: Tata McGraw- Hill Publishing Company Ltd, 640-652.
- Hakhverdyan, D., & Shahinyan, M. (2022). Competitiveness, Innovation and Productivity of the Country. Marketing and Management of Innovations(1), 108-123. https://doi.org/10.21272/mmi.2022.1-08
- IMF. (2022). Retrieved from https://datahelp.imf.org/knowledgebase/articles/537472-what-is-real-effective-exchange-rate-reer
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171675951
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