I'm trying to find the relationship between innovation and economic growth among different countries in one year (Cross-section)
The dependent variable is GDP growth per capita
independent variables are no.of patents per capita- no. of trademarks per capita- R&D expenditure and HCI (human capital index as a control variable).
My question is should I keep the values of the independent variable for the year or should include them as the difference between current and previous year(%)?
- Also is it logical to take the percenatge of an Index (in the case of HCI)?
Dear Ms. Vanli! The question you deal with is very interesting. I am not a specialist, still the case you investige into is related to supply chain mgt. across regions in terms if economic growth and innovation. So I did search for studies, papers, please see them enclosed. Hope You have a Nice Day! Yours sincerely, Bulcsu Szekely
Is it possible to question the share or contribution of innovation to GDP, ie, economic growth?
Link, I think all studies show it.
I think you should treat all independent variables as % change.
Innovation is a costly but interesting tool when we analyze competitive factors. It follows that at the initial stage of building an innovative company structure, costly investments should be made. This eliminates poor companies and promotes rich ones. We already know why corporations are innovation leaders!
Dear Tara, I recommend you to complete your cross section empirical analysis with a dynamic and theoretical one. The effects of innovation on growth (and the other way around) are dynamically and spatially amenable to a so-called co-evolution analysis. In my own experience, this approach has enriched very much my empirical and my activity as a practitioner. In the project Co-evolution models in economics, that you can find here in ReseatchGate, I find many tools from this very recent approach. All the best! Isabel
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