Impact of the business environment on national innovation capacity – Empirical study based on OECD countries

In the process of improving the innovation capacity of subjects, the key role of improving the business environment has become increasingly prominent. This paper empirically explores the impact of business environment on national innovation capability, its mechanism and the resulting heterogeneity....

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Bibliographic Details
Published in:Economic analysis and policy 2025-03, Vol.85, p.169-185
Main Authors: He, Pinglin, Ma, Yihan, Yin, Mingze
Format: Article
Language:English
Subjects:
Business environment
CMP estimation method
Industrial structure
National innovation capacity
Ordered probit model
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Summary:In the process of improving the innovation capacity of subjects, the key role of improving the business environment has become increasingly prominent. This paper empirically explores the impact of business environment on national innovation capability, its mechanism and the resulting heterogeneity. The results show that improving the business environment has a significant positive impact on a country's innovation capacity, and this impact will be heterogeneous due to the level of economic development. The results of this paper provide reliable empirical evidence to fully clarify the impact of business environment on national innovation capacity, and are crucial to improve national competitiveness, promote economic recovery and high-quality development.
ISSN:0313-5926
DOI:10.1016/j.eap.2024.11.022