CEU Electronic Theses and Dissertations, 2009
| Author | Krishtab, Olga Borisovna |
|---|---|
| Title | UNBUNDLING THE EFFECT OF INSTITUTIONS ON INNOVATION ACTIVITY |
| Summary | This thesis evaluates relative importance of contracting institutions and property rights institutions for innovation activity. For this purpose I use a cross-country econometric model that assesses an impact of contracting and property rights institutions on innovation activity. To avoid endogeneity and measurement errors associated with OLS coefficients the model is estimated with 2SLS method. At the first stage of the regression, institutions are instrumented with the set of variables including geographical, cultural and political determinants. The main finding of the thesis is that property rights protection has a first order impact on innovation, whereas contraction institutions do not have highly significant effect. |
| Supervisor | Grajzl, Peter |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2009/krishtab_olga.pdf |
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