Innovation and competitive industrial performance in BRICS economies
Keywords:
Innovation, Competitive Industrial Performance, Quality of Regulation, Rule of Law, GDP, Foreign direct investmentAbstract
The study aimed to explore and measure the impact of innovation on competitive industrial performance (CIP) in the BRICS economies for the period 2011-2022, and the Global Innovation Index (GII) was used to measure the impact of innovation on the dependent variable, and some independent explained variables such as: the percentage of workers in industry of the total workforce, quality of regulation, rule of law, foreign direct investment and GDP, to test the relationship between these variables and competitive industrial performance (CIP). The study relied on data from a variety of sources: the World Intellectual Property Organization (WIPO), the United Nations Industrial Development Organization (UNIDO), and the World Bank, and the economic measurement of dynamic panel data was used, and the one-step GMM estimator was used for the Blundell-Bond system (1998). The results also indicate a significant positive impact of the quality of the organization, the proportion of workers in industry, GDP and foreign direct investment on competitive industrial performance, while the study found that there is a negative impact of the rule of law on competitive industrial performance.
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