Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190214 
Year of Publication: 
2017
Series/Report no.: 
ADBI Working Paper No. 793
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
This chapter reviews theoretical and empirical research on the relationship between legal systems and innovation and culture and innovation. We highlight legal and cultural forces that encourage innovation activities, including strong patent protection, entrepreneur-friendly bankruptcy laws, and strong labor laws, as well as policies that encourage risk taking and a long-term orientation. We provide a snapshot of recent cross-national data that confirms some of these lessons from prior studies. In the subset of Southeast Asian countries, the most recent data indicate that intellectual property rights are relatively more important and culture is relatively less important for patents. We discuss implications for future research, as well as lessons for policy makers.
Subjects: 
law
culture
innovation
JEL: 
G12
G14
G18
K22
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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