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How does institutional change of democratization affect the origin and diffusion of technological innovation across countries?

Journal of Economic and Social Thought

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Title How does institutional change of democratization affect the origin and diffusion of technological innovation across countries?
 
Creator COCCIA, Mario;

Arizona State University
 
Subject Institutional change; Technological innovation; Patents; Technological change; Economic change; Social change.
B52; F55; O17; O31; O33; O35; O43; P10; P14; P48.
 
Description Abstract. The main aim of this study is to explain how institutional change, based on processes of democratization, governs the origin and diffusion of technological innovation across economies. This study suggests that institutional change, based on a progressive democratization of countries, is a driving force of inventions and adoption of usable innovations in society. Policy makers, considering the positive associations between institutional change, based on a process of democratization, and paths of technological innovation, can propose best practices directed to support a higher economic freedom in society, effective regulation, higher economic and political stability, good economic governance and higher level of education system. Overall, then, institutional change, based on democratization, is a precondition for sustaining fruitful paths of technological innovation to govern the development of economies in the presence of globalization and geographical expansion in world economic system.Keywords. Institutional change, Technological innovation, Patents, Technological change, Economic change, Social change, Regulatory quality, Rule of law, Political stability, Innovative outputs, Democracy, Democratization, Economic growth, Economic performances, Rich countries, Emerging economies.JEL. B52, F55, O17, O31, O33, O35, O43, P10, P14, P48.
 
Publisher Journal of Economic and Social Thought
Journal of Economic and Social Thought
 
Contributor —
 
Date 2020-07-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEST/article/view/2017
10.1453/jest.v7i2.2017
 
Source Journal of Economic and Social Thought; Vol 7, No 2 (2020): June; 60-91
Journal of Economic and Social Thought; Vol 7, No 2 (2020): June; 60-91
2149-0422
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEST/article/view/2017/2094
 
Rights Copyright (c) 2020 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0