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Estimating determinant of innovations by generalized methods of moments with persistence of panel data on developing countries


Citation

Nurnaddia Nordin and NurHaiza Nordin and Norzalina Zainudin (2016) Estimating determinant of innovations by generalized methods of moments with persistence of panel data on developing countries. In: Proceeding of the 2nd International Conference on Economics & Banking 2016 (2nd ICEB), 24 – 25 May 2016, Hotel Bangi-Putrajaya, Malaysia.

Abstract

This paper addresses the empirical analysis of determinant of innovations in
developing countries by using Generalized Methods of Moments (GMM)
estimating on panel data that consists of 52 countries. Innovation defined as a
process that attempt to try out new or improved products, processes or ways to
do. In order to achieve this phase, past studies address a few determinants of
innovations such as human capital, patent, trademark, regulation, stock market
and trade openness. This paper analyses the question: which factor will
contribute to successful innovation? By using GMM method, we estimate the
data at the difference and system GMM with one-step and two steps. The
results addresses that trade openness are highly significant in determine
innovation in developing countries. Thus our finding provides that free trade is
the most important determinant to encourage innovation activities in
developing countries.

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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Collection Type: Institution
Uncontrolled Keywords: Innovation: Generalized method of Moments (GMM): Panel data: Developing countries.
Faculty/Centre/Office: Faculty of Entrepreneurship and Business
Depositing User: Repository Admin
Date Deposited: 23 Nov 2017 07:12
Last Modified: 23 May 2022 11:18
URI: http://discol.umk.edu.my/id/eprint/9213
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