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Innovation capacities in advanced economies: Relative performance of small open economies

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  • Doyle, Eleanor
  • O’Connor, Fergal

Abstract

This paper offers an empirical examination of the determinants of a nation's ability to produce commercially viable innovations, measured as Patents Granted across a sample of 23 advanced economies. The approach employed is based on estimating National Innovative Capacity that focuses on the long-run ability of economies to produce and/or commercialise innovative technologies, in the spirit of Furman et al. (2002). The time period of our analysis covers 1993 to 2005 and employs panel estimation.

Suggested Citation

  • Doyle, Eleanor & O’Connor, Fergal, 2013. "Innovation capacities in advanced economies: Relative performance of small open economies," Research in International Business and Finance, Elsevier, vol. 27(1), pages 106-123.
    • Handle: RePEc:eee:riibaf:v:27:y:2013:i:1:p:106-123
    DOI: 10.1016/j.ribaf.2012.08.005
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