The linkage between productivity and innovation: global evidence from 97 economies

DOI

10.2991/978-94-6463-583-6_24How to use a DOI?

Keywords

Productivity; Innovation; Panel vector autoregression

Abstract

This study investigates the linkage between productivity and innovation. We employ the panel vector autoregression to model the country-level interactions between total factor productivity and global innovation index of 97 economies from 2013 to 2019. We find that innovation has no significant impact on productivity but inversely, the past performance of productivity affects the innovation index negatively. This result states that innovation is not a cause, but a consequence of productivity. This finding implies that relevant literature might have ignored the trans-economic interactions between productivity and innovation. Hence, future studies are supposed to innovate their research designs to elaborate the relationship between total factor productivity and innovation.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Nguyet T. B. Phan
AU  - Van Le
PY  - 2024
DA  - 2024/11/26
TI  - The linkage between productivity and innovation: global evidence from 97 economies
BT  - Proceedings of the 2nd International Conference - Resilience by Technology and Design (RTD 2024)
PB  - Atlantis Press
SP  - 472
EP  - 479
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-583-6_24
DO  - 10.2991/978-94-6463-583-6_24
ID  - Phan2024
ER  -