Incidencia de la Innovación y la Calidad Institucional sobre el Crecimiento Económico, un análisis con datos de panel en países clasificados por su nivel de ingresos
In 2001 the growth of the economy fell 2.43% and in 2008 2.47%, this did not limit the companies to innovate since in the first case there was an increase of 9,000 patents and in the second of 3,000 of the same In this way, we have that the difference in recovery between one country and another had...
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| Formato: | bachelorThesis |
| Lenguaje: | spa |
| Publicado: |
2020
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| Materias: | |
| Acceso en línea: | https://dspace.unl.edu.ec/jspui/handle/123456789/23707 |
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Agregar Etiqueta | Sumario: | In 2001 the growth of the economy fell 2.43% and in 2008 2.47%, this did not limit the companies to innovate since in the first case there was an increase of 9,000 patents and in the second of 3,000 of the same In this way, we have that the difference in recovery between one country and another had a lot to do with the quality of their institutions, however, at a general level in these two cases, the institutional quality fell by around 1.5%. The objective of this research is to determine the incidence of innovation and institutional quality in economic growth according to the income level of the countries through a correlation and causality analysis by Ordinary Least Squares (OLS). The use of the econometric tool allowed to identify the presence of endogeneity in the model, as well as the causal relationship between the variables, for which the following databases were used: World Development Indicators (WDI, 2019), Worldwide Governance Indicators (WGI , 2019) and Penn World Table (PWT, 2019). The main results found are a positive relationship between the variables with the exception of low-income countries in which the relationship between institutional quality and economic growth was negative, the presence of endogeneity and a bidirectional causal relationship were also verified for all variables with the exception of some cases in low- and lower-middle-income countries. In short, it is recommended that countries focus their education on applied research whose results increase the generation of patents, likewise, policies aimed at strengthening democracy in low- and lower-middle-income countries should be worked on and strengthened. Work on economic growth models with the presence of endogeneity generated by innovation on the capital stock. |
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