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Democracy's limited impact on innovation: Panel data evidence from developing countries
Masood Ahmed1, Muhammad Atif Khan2, Anam Attique3
1Department of Public Administration, University of Kotli, Kotli, Azad Jammu and Kashmir, Pakistan.
Plos One
|March 15, 2024
Summary
This study found no significant link between democracy and innovation in 61 developing countries from 2013-2020. Promoting democracy alone may not directly boost innovation capacity in these nations.
Area of Science:
- Economics
- Political Science
- Innovation Studies
Background:
- The relationship between democratic governance and national innovation capacity is complex and debated.
- Developing countries often face unique challenges in fostering both democracy and innovation.
Purpose of the Study:
- To empirically investigate the impact of democracy on innovation in developing countries.
- To analyze whether increased democratic indicators correlate with enhanced innovation performance.
Main Methods:
- Utilized data from the Global Innovation Index (2013-2020) for 61 developing countries.
- Employed Freedom House Index and Polity2 as proxies for democracy.
- Applied econometric techniques including Ordinary Least Squares (OLS), Fixed Effects, and System Generalized Method of Moments (SystemGMM).
Main Results:
- No statistically significant relationship was found between the level of democracy and innovation.
- Democratic indicators, as measured, did not demonstrate a discernible impact on the innovation landscape of developing nations during the study period.
Conclusions:
- Solely focusing on enhancing democratic institutions may not directly improve innovation capacities in developing countries.
- Policymakers should consider a nuanced approach, incorporating factors beyond democratic governance to foster innovation ecosystems.
- Understanding this relationship is crucial for targeted policies promoting innovation, economic growth, and societal development.
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