eduzhai > Applied Sciences > Computer Science >

Effects of the institutional change based on democratization on origin and diffusion of technological innovation

  • Peter
  • (0) Download
  • 20210217
  • Save

... pages left unread,continue reading

Document pages: 42 pages

Abstract: Political systems shape institutions and govern institutional changesupporting economic performance, production and diffusion of technologicalinnovation. This study shows, using global data of countries, thatinstitutional change, based on a progressive democratization of countries, is adriving force of inventions, adoption and diffusion of innovations in society.The relation between technological innovation and level of democracy can beexplained with following factors: higher economic freedom in society, effectiveregulation, higher economic and political stability, higher investments in R&Dand higher education, good economic governance and higher level of educationsystem for training high-skilled human resources. Overall, then, the positiveassociations between institutional change, based on a process ofdemocratization, and paths of technological innovation can sustain bestpractices of political economy for the development of economies in the presenceof globalization and geographical expansion of markets.

Please select stars to rate!


0 comments Sign in to leave a comment.

    Data loading, please wait...