Artikel

Do international capital flows, institutional quality matter for innovation output: The mediating role of economic policy uncertainty

The determinants of innovation output in empirical literature were extensively investigated by considering diverse sets of variables. Still, the impact of economic policy uncertainty on innovation output is yet to unleash. To mitigate the existing research gap, the study investigated the association between EPU and innovation output, considering a panel of 22 countries over 1997-2018. The study employed a dynamic panel quantile regression and system-GMM specification causality test for discovering elasticity and directional association both in the long-run and the short-run. Study findings disclosed negative statistically significant effects running from EPU to innovation output except innovation measured by R&D. Moreover, institutional quality and FDI exposed positive and statistically significant association with innovation output. In terms of directional causality, unidirectional causality running from EPU and FDI to innovation output was established, whereas bidirectional causality was established between institutional quality and innovation output.

Sprache
Englisch

Erschienen in
Journal: Journal of Open Innovation: Technology, Market, and Complexity ; ISSN: 2199-8531 ; Volume: 7 ; Year: 2021 ; Issue: 2 ; Pages: 1-26 ; Basel: MDPI

Klassifikation
Management
Thema
innovation output
open innovation
economic policy uncertainty
institutional quality
dynamic panel quantile regression

Ereignis
Geistige Schöpfung
(wer)
Md Qamruzzaman
Tayachi, Tahar
Mehta, Ahmed Muneed
Ali, Majid
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2021

DOI
doi:10.3390/joitmc7020141
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Md Qamruzzaman
  • Tayachi, Tahar
  • Mehta, Ahmed Muneed
  • Ali, Majid
  • MDPI

Entstanden

  • 2021

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