Affiliation:
1. School of International Trade and Economics, Central University of Finance and Economics, Beijing 100081, P. R. China
2. School of Economics, Qingdao University, Qingdao 266100, P. R. China
Abstract
Innovation is a major economic growth contributor, which is often hindered by corruption. However, this relationship is not always supported. This study analyzes the interrelation between anti-corruption (AC) and technological innovation (TI) in China by applying the bootstrap rolling-window full-sample and subsample Granger causality test. The results confirm that the influence of AC on TI is two-fold. On the one hand, AC positively influences TI, indicating that it facilitates TI. This finding supports the “sanding-the-wheels” hypothesis, which postulates that corruption impedes innovation. On the other hand, there is a negative influence from AC to TI, which is mainly caused by the COVID-19 pandemic. Further, the results show that TI positively influences AC, implying that TI can affect government’s AC-related decisions. Based on these findings, governments should coordinate their efforts toward innovation and AC, while firms should adopt innovation-driven strategies for long-term growth.
Funder
National Natural Science Foundation Youth Project
National Natural Science Foundation Emergency Management Project
Publisher
World Scientific Pub Co Pte Ltd
Subject
Economics and Econometrics
Cited by
1 articles.
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