This paper looks at the link between the quality of economic institutions and innovation, and innovation and growth. We construct a measure of the innovation content of individual manufacturing industries and show that countries with stronger economic institutions specialize in more innovation‐intensive industries. Our results also provide evidence that industries involving higher levels of innovation grow relatively faster in countries with better economic institutions. The results suggest that innovation is an important channel through which higher quality economic institutions contribute to better growth performance in the long run.

中文翻译：

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制度，创新与增长

本文着眼于经济制度与创新的质量以及创新与增长之间的联系。我们构建了单个制造业创新内容的度量标准，并表明经济体制更强大的国家专门研究创新密集型产业。我们的结果还提供了证据，表明具有较高创新水平的行业在经济体制较好的国家中增长相对较快。结果表明，创新是重要的渠道，长期而言，高质量的经济机构可通过该渠道为更好的增长业绩做出贡献。