Влияние качества институтов на инновационное развитие стран ВРЭП / Influence of institutional quality on innovation performance in RCEP economies
Аннотация
This study contributes to empirical research by examining the relationship between institutional quality and innovation across countries within the Regional Comprehensive Economic Partnership (RCEP). Existing literature has explored the complex interplay among technological innovation, institutional quality, energy consumption, and natural resource rents, yielding heterogeneous results. However, there is a notable gap in research focusing on the RCEP region, a significant contributor to global economic growth. Moreover, prior studies have often overlooked the combined impact of institutional quality with human capital development and natural resource rents on innovation.
This paper investigates the influence of institutional quality on innovation performance across RCEP economies. Using econometric models, the study analyzes data from both developed and developing countries, emphasizing the specific characteristics of economic integration blocs as determinants of innovation. Key findings reveal that higher institutional quality positively correlates with innovation, supported by significant coefficients across various models. The interaction between institutional quality and human development index (HDI) suggests nuanced effects, where stronger governance enhances innovation outcomes, particularly in countries with higher human capital.
The analysis underscores the contrasting impact of natural resource rents on innovation, indicating a slight negative effect within RCEP countries, aligned with the resource curse hypothesis. GDP per capita exhibits a positive influence on innovation in RCEP economies but diminishes in higher-income contexts globally and in developed countries. Primary energy consumption consistently shows a positive association with innovation, reflecting its critical role in facilitating technological advancements. However, the financial development index demonstrates mixed effects, positively impacting innovation within RCEP economies but exhibiting complexities globally and in developing countries. Overall, this study provides valuable insights into the role of institutional quality in fostering innovation within RCEP countries, contributing to the broader discourse on sustainable development goals (SDGs) and economic policy implications. The findings highlight the importance of enhancing governance frameworks to stimulate innovation-driven growth, particularly in regions with diverse economic landscapes.
This paper investigates the influence of institutional quality on innovation performance across RCEP economies. Using econometric models, the study analyzes data from both developed and developing countries, emphasizing the specific characteristics of economic integration blocs as determinants of innovation. Key findings reveal that higher institutional quality positively correlates with innovation, supported by significant coefficients across various models. The interaction between institutional quality and human development index (HDI) suggests nuanced effects, where stronger governance enhances innovation outcomes, particularly in countries with higher human capital.
The analysis underscores the contrasting impact of natural resource rents on innovation, indicating a slight negative effect within RCEP countries, aligned with the resource curse hypothesis. GDP per capita exhibits a positive influence on innovation in RCEP economies but diminishes in higher-income contexts globally and in developed countries. Primary energy consumption consistently shows a positive association with innovation, reflecting its critical role in facilitating technological advancements. However, the financial development index demonstrates mixed effects, positively impacting innovation within RCEP economies but exhibiting complexities globally and in developing countries. Overall, this study provides valuable insights into the role of institutional quality in fostering innovation within RCEP countries, contributing to the broader discourse on sustainable development goals (SDGs) and economic policy implications. The findings highlight the importance of enhancing governance frameworks to stimulate innovation-driven growth, particularly in regions with diverse economic landscapes.