Iftekhar Hasan|Christopher L. Tucci
The innovation–economic growth nexus: Global evidence
Rensselaer Polytechnic Institute|Bank of Finland|École Polytechnique Fédérale de Lausanne
paper extends line research attempting link innovation economic growth addressing unexplored questions using global patent data paper empirically investigates importance quantity quality innovation economic growth controlling past measures inventive inputs moreover research examines innovation inputs translated per capita growth various economic structures stages economic development based sample 58 countries period 19802003 empirical results indicate countries hosting firms higher quality patents also higher economic growth furthermore evidence countries increase level patenting also witness concomitant increase economic growth