Law, Culture, and Innovation
Cumming, Douglas; Johan, Sofia | November 2017
Abstract
This chapter reviews theoretical and empirical research on the relationship between legal systems and innovation and culture and innovation. We highlight legal and cultural forces that encourage innovation activities, including strong patent protection, entrepreneur-friendly bankruptcy laws, and strong labor laws, as well as policies that encourage risk taking and a long-term orientation. We provide a snapshot of recent cross-national data that confirms some of these lessons from prior studies. In the subset of Southeast Asian countries, the most recent data indicate that intellectual property rights are relatively more important and culture is relatively less important for patents. We discuss implications for future research, as well as lessons for policy makers.
Citation
Cumming, Douglas; Johan, Sofia. 2017. Law, Culture, and Innovation. © Asian Development Bank Institute. http://hdl.handle.net/11540/7706.Keywords
Ports
Education
Ports
Education
Rural planning
Regional development bank
Project finance
Strategic planning
Infrastructure projects
Government programs
Public finance
Public enterprises
Asian Development Bank
Development
Rural Development
Public Sector
Public Sector Management
Development Cooperation
Development Goals
Organization For Economic Cooperation & Development
Public Sector Projects
Infrastructure
Partnership
Power
Communication in rural development
Rural enterprise zones
Communication in community development
Social participation
Development banks
Community banks
Partnership
Joint venture
Economic development
Public works
Administrative agencies
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