Abstract
Purpose: Many studies have analyzed the impact of terrorism on economic growth, but the terrorism-innovation nexus is very rare in academic literature. Hence, this study aims to theoretically and empirically examine the effect of terrorism on innovation activity. Study design/methodology/approach: We employ OLS, system GMM, and quantile regression on a panel dataset of 31 economies for 1990-2022. Findings: The study's findings indicate that terrorism negatively and significantly impacts innovation activity. Various robustness checks further support the results of this study. Moreover, the study findings also identify possible channels, such as domestic investment, foreign direct investment, and trade openness, through which terrorism affects innovation activity. Originality/value: The outcomes of this study will not only provide policy recommendations for sustainable national innovation and offer a better understanding of the subject matter.
| Original language | English |
|---|---|
| Pages (from-to) | 124-161 |
| Number of pages | 38 |
| Journal | Advances in Decision Sciences |
| Volume | 26 |
| DOIs | |
| Publication status | Published - 2022 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 9 Industry, Innovation, and Infrastructure -
SDG 17 Partnerships for the Goals
Keywords
- innovation activity
- OLS
- Panel data
- Quantile regression
- System GMM
- Terrorism
ASJC Scopus subject areas
- General Decision Sciences
- Statistics, Probability and Uncertainty
- Management Science and Operations Research
- Information Systems and Management
- Decision Sciences (miscellaneous)
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