Findings from St. Louis University in Research Policy Reported
2012 APR 27 - (VerticalNews.com) -- "We investigate the impacts of political instability and pro-business market reforms on national systems of innovation (NSI) across a range of developing and developed countries. Evidence suggests that national systems of innovation are most likely to flourish in developed, politically stable countries and less likely to prosper in historically unstable countries," investigators in St. Louis, Missouri report.
"While research has shown that pro-business market reforms can be a valuable policy instrument to boost economic development in less developed countries, the extent to which these reforms affect a country's innovativeness has been neglected in the literature. In particular, the degree to which pro-business market reforms may compensate for political instability when it comes to fostering national systems of innovation remains under-researched. Our findings support established arguments concerning the strong influence of political instability on inputs to national innovation systems. We find, however, mixed effects for pro-business market reforms. While results indicate a negative direct influence on NSI, they consistently show a strong moderating effect that counterbalances the negative impact of political instability, especially in those developing country environments where science and technology are lagging," wrote G. Allard and colleagues, St. Louis University.
The researchers concluded: "These results provide important implications for policymakers as well as for our understanding of emerging and transition economies and national technological capability."
Allard and colleagues published their study in Research Policy (Political instability, pro-business market reforms and their impacts on national systems of innovation. Research Policy, 2012;41(3):638-651).
For additional information, contact G. Allard, St. Louis University, John Cook Sch Business, St Louis, MO 63108, United States.
The publisher of the journal Research Policy can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands.
Keywords: City:St. Louis, State:Missouri, Country:United States, Region:North and Central America
This article was prepared by VerticalNews Economics editors from staff and other reports. Copyright 2012, VerticalNews Economics via VerticalNews.com.