Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/319918 
Year of Publication: 
2023
Citation: 
[Journal:] The Journal of Technology Transfer [ISSN:] 1573-7047 [Volume:] 48 [Issue:] 5 [Publisher:] Springer Science and Business Media LLC [Place:] Berlin [Year:] 2023 [Pages:] 1813-1838
Publisher: 
Springer Science and Business Media LLC, Berlin
Abstract: 
This paper focuses on institutional influences on innovation efficiency across countries. Whereas various causes and effects of technological change have been examined, empirical investigations of the efficiency involved in innovation production are relatively few. Using data on a large sample of nations over 2018–2020 and considering corruption, regulatory quality, and state fragility as alternative institutional dimensions, our results show that greater corruption facilitates (“greases”) efficiency in the production of innovations. This is also the case with improvements in regulatory quality, while greater state fragility increases inefficiency. These findings for the overall sample are somewhat different for the OECD and non-OECD subsamples, although the greasing effect of corruption remains throughout. A robustness check with patent protection and government size as alternative institutional dimensions is also conducted.
Subjects: 
Patents
Innovation
Stochastic frontier analysis
Knowledge
Corruption
Institutions
Government
Uncertainty
Efficiency
Regulatory quality
State fragility
JEL: 
O31
O33
K42
C20
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)

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