Risk Governance and Control: Financial Markets and Institutions
© 2016, Virtus Interpress. All rights reserved. Innovation is crucial for economic growth, development, and progress. Using cross country regression analysis, this paper tests for two hypothesis regarding the determinants of innovation. The first is that state repression has a negative effect on innovation. The second is that lifestyles that devalue work, such as those obtaining their incomes from criminal activity or through natural resource rents, are detrimental to innovation. The findings from the empirical work of the paper provide evidence that tends to uphold both of these hypothesizes.
Innovation, State repression, Work ethics
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