Determinants of innovation outcomes: The role of institutional quality

This paper uses unconditional quantile regression analysis to interrogate the effects of institutional quality on innovation outcomes. We assess important determinants such as property rights (including enforcement intellectual rights), human resources within R&D and high-technology exports. Regarding rights, while most previous research focuses patent strength (de jure or book law), we focus de facto enforcement. Using data from World Bank, Heritage Foundation a new index, construct panel fifty countries covering 1998–2017. Our reveals insights including strongly negative impact less innovative economies, varying impacts across quantiles for key variables find that both stronger institutions are not necessarily best route boosting innovation, especially in economies where existing capacity is weak