Institutions and Firms' Return to Innovation : Evidence from the World Bank Enterprise Survey
This paper poses a question: do firms in developing countries not innovate because they are unwilling to? The question moves away from the conventional focus on the obstacles (such as the lack of access to finance) that hinder firms' innovatio...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/06/19654205/institutions-firms-return-innovation-evidence-world-bank-enterprise-survey http://hdl.handle.net/10986/18761 |
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okr-10986-187612021-04-23T14:03:49Z Institutions and Firms' Return to Innovation : Evidence from the World Bank Enterprise Survey Nguyen, Ha Jaramillo, Patricio A. BANK LOANS BANK POLICY BUSINESS ENVIRONMENT BUSINESS SECTOR COMPETITOR COMPETITORS CONTRACT ENFORCEMENT CONTRACT ENFORCEMENTS CONTRACT RIGHTS COPYRIGHTS DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DOMESTIC BANK DUMMY VARIABLE DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMICS ELECTRICITY EMERGING MARKETS EMPLOYMENT ENFORCEMENT MECHANISMS ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT EXPENDITURES EXPORTER FIRM PERFORMANCE FIRM SIZE FIRMS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT GEOGRAPHIC REGION GOVERNMENT POLICY INCOME INNOVATION INNOVATION ACROSS COUNTRIES INNOVATION PROCESS INNOVATIONS INSTITUTION INSTITUTIONAL FACTORS INSTRUMENT INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHT INTELLECTUAL PROPERTY RIGHTS INTELLECTUAL RIGHT INTERNATIONAL BANK INVENTION INVENTIONS INVESTING INVESTMENT ACTIVITIES LABOR COSTS LABOR ECONOMICS LABOUR LEGAL SYSTEM LICENSING MACROECONOMIC CONDITIONS MANUFACTURING MARKET SHARE MARKETING MARKETING STRATEGIES MATERIAL MICRODATA NEW PRODUCT NEW PRODUCTS NEW TECHNOLOGIES NEW TECHNOLOGY OPEN ACCESS PERFORMANCE MEASURES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT INNOVATION PRODUCTIVITY PROPERTY RIGHT PROPERTY RIGHTS PROPERTY RIGHTS PROTECTION R&D RATES OF RETURN RESULT RESULTS RETURN RETURNS RULE OF LAW SEES SMALL FIRMS TAX TECHNOLOGICAL INNOVATION TECHNOLOGY TRANSFER TRADE LIBERALIZATION TREATIES WEB WISDOM This paper poses a question: do firms in developing countries not innovate because they are unwilling to? The question moves away from the conventional focus on the obstacles (such as the lack of access to finance) that hinder firms' innovation ability. The World Bank's Enterprise Survey is used first to estimate the return to firms' innovation across many developing countries, in terms of sales and sales per worker. Then the return to innovation is compared across countries with different levels of institutional quality. In countries with lower institutional quality (specifically, rule of law, regulatory quality, property and patent right protection), the return to firms' innovation is lower. This suggests that poor institutional environment lowers firms' return to innovation and hence discourages them from investing in researching and adopting new products. 2014-06-25T21:07:41Z 2014-06-25T21:07:41Z 2014-06 http://documents.worldbank.org/curated/en/2014/06/19654205/institutions-firms-return-innovation-evidence-world-bank-enterprise-survey http://hdl.handle.net/10986/18761 English en_US Policy Research Working Paper;No. 6918 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BANK LOANS BANK POLICY BUSINESS ENVIRONMENT BUSINESS SECTOR COMPETITOR COMPETITORS CONTRACT ENFORCEMENT CONTRACT ENFORCEMENTS CONTRACT RIGHTS COPYRIGHTS DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DOMESTIC BANK DUMMY VARIABLE DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMICS ELECTRICITY EMERGING MARKETS EMPLOYMENT ENFORCEMENT MECHANISMS ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT EXPENDITURES EXPORTER FIRM PERFORMANCE FIRM SIZE FIRMS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT GEOGRAPHIC REGION GOVERNMENT POLICY INCOME INNOVATION INNOVATION ACROSS COUNTRIES INNOVATION PROCESS INNOVATIONS INSTITUTION INSTITUTIONAL FACTORS INSTRUMENT INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHT INTELLECTUAL PROPERTY RIGHTS INTELLECTUAL RIGHT INTERNATIONAL BANK INVENTION INVENTIONS INVESTING INVESTMENT ACTIVITIES LABOR COSTS LABOR ECONOMICS LABOUR LEGAL SYSTEM LICENSING MACROECONOMIC CONDITIONS MANUFACTURING MARKET SHARE MARKETING MARKETING STRATEGIES MATERIAL MICRODATA NEW PRODUCT NEW PRODUCTS NEW TECHNOLOGIES NEW TECHNOLOGY OPEN ACCESS PERFORMANCE MEASURES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT INNOVATION PRODUCTIVITY PROPERTY RIGHT PROPERTY RIGHTS PROPERTY RIGHTS PROTECTION R&D RATES OF RETURN RESULT RESULTS RETURN RETURNS RULE OF LAW SEES SMALL FIRMS TAX TECHNOLOGICAL INNOVATION TECHNOLOGY TRANSFER TRADE LIBERALIZATION TREATIES WEB WISDOM |
| spellingShingle |
BANK LOANS BANK POLICY BUSINESS ENVIRONMENT BUSINESS SECTOR COMPETITOR COMPETITORS CONTRACT ENFORCEMENT CONTRACT ENFORCEMENTS CONTRACT RIGHTS COPYRIGHTS DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DOMESTIC BANK DUMMY VARIABLE DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMICS ELECTRICITY EMERGING MARKETS EMPLOYMENT ENFORCEMENT MECHANISMS ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT EXPENDITURES EXPORTER FIRM PERFORMANCE FIRM SIZE FIRMS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT GEOGRAPHIC REGION GOVERNMENT POLICY INCOME INNOVATION INNOVATION ACROSS COUNTRIES INNOVATION PROCESS INNOVATIONS INSTITUTION INSTITUTIONAL FACTORS INSTRUMENT INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHT INTELLECTUAL PROPERTY RIGHTS INTELLECTUAL RIGHT INTERNATIONAL BANK INVENTION INVENTIONS INVESTING INVESTMENT ACTIVITIES LABOR COSTS LABOR ECONOMICS LABOUR LEGAL SYSTEM LICENSING MACROECONOMIC CONDITIONS MANUFACTURING MARKET SHARE MARKETING MARKETING STRATEGIES MATERIAL MICRODATA NEW PRODUCT NEW PRODUCTS NEW TECHNOLOGIES NEW TECHNOLOGY OPEN ACCESS PERFORMANCE MEASURES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT INNOVATION PRODUCTIVITY PROPERTY RIGHT PROPERTY RIGHTS PROPERTY RIGHTS PROTECTION R&D RATES OF RETURN RESULT RESULTS RETURN RETURNS RULE OF LAW SEES SMALL FIRMS TAX TECHNOLOGICAL INNOVATION TECHNOLOGY TRANSFER TRADE LIBERALIZATION TREATIES WEB WISDOM Nguyen, Ha Jaramillo, Patricio A. Institutions and Firms' Return to Innovation : Evidence from the World Bank Enterprise Survey |
| relation |
Policy Research Working Paper;No. 6918 |
| description |
This paper poses a question: do firms in
developing countries not innovate because they are unwilling
to? The question moves away from the conventional focus on
the obstacles (such as the lack of access to finance) that
hinder firms' innovation ability. The World Bank's
Enterprise Survey is used first to estimate the return to
firms' innovation across many developing countries, in
terms of sales and sales per worker. Then the return to
innovation is compared across countries with different
levels of institutional quality. In countries with lower
institutional quality (specifically, rule of law, regulatory
quality, property and patent right protection), the return
to firms' innovation is lower. This suggests that poor
institutional environment lowers firms' return to
innovation and hence discourages them from investing in
researching and adopting new products. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Nguyen, Ha Jaramillo, Patricio A. |
| author_facet |
Nguyen, Ha Jaramillo, Patricio A. |
| author_sort |
Nguyen, Ha |
| title |
Institutions and Firms' Return to Innovation : Evidence from the World Bank Enterprise Survey |
| title_short |
Institutions and Firms' Return to Innovation : Evidence from the World Bank Enterprise Survey |
| title_full |
Institutions and Firms' Return to Innovation : Evidence from the World Bank Enterprise Survey |
| title_fullStr |
Institutions and Firms' Return to Innovation : Evidence from the World Bank Enterprise Survey |
| title_full_unstemmed |
Institutions and Firms' Return to Innovation : Evidence from the World Bank Enterprise Survey |
| title_sort |
institutions and firms' return to innovation : evidence from the world bank enterprise survey |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/06/19654205/institutions-firms-return-innovation-evidence-world-bank-enterprise-survey http://hdl.handle.net/10986/18761 |
| _version_ |
1764442625894514688 |