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首页> 外文期刊>International Economics >Do economic openness and institutional quality influence patents? Evidence from GMM systems estimates
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Do economic openness and institutional quality influence patents? Evidence from GMM systems estimates

机译：经济开放性和机构质量会影响专利吗？ GMM系统估算的证据

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摘要

By using GMM estimators for unbalanced panel data, we examine the effects of institutional quality, trade openness, and FDI flows on innovation in 84 countries for the period between 1996 and 2014. Our results show that, although institutional quality appears as a vital driver for patent applications, FDI flows and trade openness have different influences. Precisely, higher inward FDI flows have a positive effect on the number of patents whereas trade openness might have a negative one. We afterwards discuss the influence of institutional quality on these two effects by showing that the effects of economic openness are enhanced by the improvement of institutional quality. These results are important for policy makers in setting-up the short-run and long-run policies to sustain economic growth.
机译：通过使用GMM估算器获取不均衡的面板数据，我们研究了1996年至2014年期间机构质量，贸易开放度和FDI流量对84个国家/地区创新的影响。我们的结果表明，尽管机构质量似乎是推动创新的重要因素专利申请，外国直接投资流量和贸易开放度都有不同的影响。准确地说，较高的外国直接投资流量对专利数量有积极影响，而贸易开放程度可能有不利影响。随后，我们通过证明制度质量的提高来增强经济开放的效果，来讨论制度质量对这两个影响的影响。这些结果对于政策制定者制定短期和长期政策以维持经济增长非常重要。

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