Institutions and Firms' Return to Innovation: Evidence from the World Bank Enterprise Survey
This paper poses a question: do firms in developing countries not innovate because they are unwilling to? The question moves away from the conventional focus on the obstacles (such as the lack of access to finance) that hinder firms' innovation ability. The World Bank's Enterprise Survey i...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2014
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper poses a question: do firms in developing countries not innovate because they are unwilling to? The question moves away from the conventional focus on the obstacles (such as the lack of access to finance) that hinder firms' innovation ability. The World Bank's Enterprise Survey is used first to estimate the return to firms' innovation across many developing countries, in terms of sales and sales per worker. Then the return to innovation is compared across countries with different levels of institutional quality. In countries with lower institutional quality (specifically, rule of law, regulatory quality, property and patent right protection), the return to firms' innovation is lower. This suggests that poor institutional environment lowers firms' return to innovation and hence discourages them from investing in researching and adopting new products |
| Beschreibung: | 1 Online-Ressource (24 p) |
| DOI: | 10.1596/1813-9450-6918 |
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| 520 | |a This paper poses a question: do firms in developing countries not innovate because they are unwilling to? The question moves away from the conventional focus on the obstacles (such as the lack of access to finance) that hinder firms' innovation ability. The World Bank's Enterprise Survey is used first to estimate the return to firms' innovation across many developing countries, in terms of sales and sales per worker. Then the return to innovation is compared across countries with different levels of institutional quality. In countries with lower institutional quality (specifically, rule of law, regulatory quality, property and patent right protection), the return to firms' innovation is lower. This suggests that poor institutional environment lowers firms' return to innovation and hence discourages them from investing in researching and adopting new products | ||
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:59:54Z |
| indexdate | 2024-10-12T04:01:20Z |
| institution | BVB |
| language | English |
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| spellingShingle | Nguyen, Ha Institutions and Firms' Return to Innovation Evidence from the World Bank Enterprise Survey |
| title | Institutions and Firms' Return to Innovation Evidence from the World Bank Enterprise Survey |
| title_auth | Institutions and Firms' Return to Innovation Evidence from the World Bank Enterprise Survey |
| title_exact_search | Institutions and Firms' Return to Innovation Evidence from the World Bank Enterprise Survey |
| title_exact_search_txtP | Institutions and Firms' Return to Innovation Evidence from the World Bank Enterprise Survey |
| title_full | Institutions and Firms' Return to Innovation Evidence from the World Bank Enterprise Survey Ha Nguyen |
| title_fullStr | Institutions and Firms' Return to Innovation Evidence from the World Bank Enterprise Survey Ha Nguyen |
| title_full_unstemmed | Institutions and Firms' Return to Innovation Evidence from the World Bank Enterprise Survey Ha Nguyen |
| title_short | Institutions and Firms' Return to Innovation |
| title_sort | institutions and firms return to innovation evidence from the world bank enterprise survey |
| title_sub | Evidence from the World Bank Enterprise Survey |
| url | https://doi.org/10.1596/1813-9450-6918 |
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