Political stability and innovation in Africa
Vol. 13, No 1, 2020
James Okrah
Ural Federal University/GSEM, Ekaterinburg, Russia jokrah6@gmail.com |
Political stability and innovation in Africa |
Marzena Hajduk-Stelmachowicz
Department of Economics, Rzeszow University of Technology Poland marzenah@prz.edu.pl ORCID 0000-0003-4945-7207
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Abstract. This paper examines the role of institutional factors, primarily, political stability, in shaping the dynamics of innovation activity in today’s modern society. Using panel data consisting of 26 African countries from the period between 1996 and 2016 as well as employing the negative binomial estimate, we model the impact of those factors on the number of applications for patents per resident. GDP per capita, education and also other institutional factors including the rule of law and financial freedom. The results reveal a strong positive effect of the rule of law on patenting activity.
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Received: September, 2019 1st Revision: January, 2020 Accepted: February, 2020 |
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DOI: 10.14254/2071-8330.2020/13-1/15
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JEL Classification: O3, O55, F55, K10, M14 |
Keywords: innovations, patent activities, institutions and organisations, political stability, rule of law, entrepreneurship |