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Bank of Indonesia

Journal

2020

Innovation

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Innovation, Corruption, And Economic Growth In Emerging Asia, Aurolipsa Das, Devi Prasad Dash, Narayan Sethi Sep 2020

Innovation, Corruption, And Economic Growth In Emerging Asia, Aurolipsa Das, Devi Prasad Dash, Narayan Sethi

Bulletin of Monetary Economics and Banking

In this paper, we investigate the impact of innovation and corruption on economic growth for 13 emerging Asian economies over the period of 2009 to 2018. Using global innovation and corruption indices, we show that innovation has no significant impact on growth. In contrast, corruption slows down growth in the region. Our results indicate that innovation in the region is not robust enough to attract growth and that corruption is the major hindrance to growth.