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Human capital and innovation: evidence from panel cointegration tests

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  • Joiozo, Renato Silveira
  • Teles, Vladimir Kuhl

Abstract

Panel cointegration techniques applied to pooled data for 27 economies for the period 1960-2000 indicate that: i) government spending in education and innovation indicators are cointegrated; ii) education hierarchy is relevant when explaining innovation; and iii) the relation between education and innovation can be obtained after an accommodation of a level structural break.

Suggested Citation

  • Joiozo, Renato Silveira & Teles, Vladimir Kuhl, 2010. "Human capital and innovation: evidence from panel cointegration tests," Textos para discussão 245, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    • Handle: RePEc:fgv:eesptd:245
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    References listed on IDEAS

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    1. Joakim Westerlund, 2006. "Testing for Panel Cointegration with Multiple Structural Breaks," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(1), pages 101-132, February.
    2. Adam B. Jaffe & Manuel Trajtenberg & Rebecca Henderson, 1993. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 577-598.
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    Cited by:

    1. shah, Muhammad ibrahim, 2019. "Fostering innovation in South Asia: Evidence from FMOLS and Causality analysis," MPRA Paper 96193, University Library of Munich, Germany.
    2. Bekhet, Hussain Ali & Latif, Nurul Wahilah Abdul, 2018. "The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship," Technology in Society, Elsevier, vol. 54(C), pages 27-40.
    3. Pu‐yan Nie & Yong‐cong Yang, 2023. "Innovation and competition with human capital input," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(3), pages 1779-1785, April.
    4. Alvarado, Rafael & Murshed, Muntasir & Cifuentes-Faura, Javier & Işık, Cem & Razib Hossain, Mohammad & Tillaguango, Brayan, 2023. "Nexuses between rent of natural resources, economic complexity, and technological innovation: The roles of GDP, human capital and civil liberties," Resources Policy, Elsevier, vol. 85(PA).
    5. Polona Domadenik & Dasa Farcnik, 2012. "The Role of the Education System and On-the-Job Training in Innovation: Evidence from the Slovenian Manufacturing and Service Sector," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 14(1), pages 43-67, April.

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