Publication:
The optimism effect on country productivity and innovation activities

dc.contributor.authorMahn, Daniel
dc.contributor.authorWang, Cong
dc.contributor.authorKent, Danielle
dc.contributor.authorHeaton, Chris
dc.date.accessioned2024-09-30T14:53:33Z
dc.date.available2024-09-30T14:53:33Z
dc.date.issued2024
dc.description.abstractThis study focuses on how optimism translates into innovation outcomes. While the link has been estab lished at a microeconomic level, its translation to an aggregate economic effect is still an open question. Empirical analysis draws from a yearly sample of 42 (mainly OECD) countries between 2000 and 2020 to test the effect of economic optimism on R&D measures from both the consumer’s and producer’s points of view at the aggregate level. Using modern econometric techniques that address potential endogeneity issues, the results suggest that economic optimism supports an increase in innovation activity and economic perfor mance but not an increase in innovation outcomes, such as more patent production. The implication is that an economically optimistic environment is an important contribution to a nation’s entrepreneurial ecosys tem. This novel insight shows that firms need not specifically recruit optimistic individuals to reap the bene fits of the optimism effect. Policies that encourage economic optimism can orchestrate an environment in which the benefits of the optimism effect are realized, independent of the individual personality traits of its citizens.
dc.description.versionVersión publicada
dc.format.extent15 p.
dc.identifier.citationDaniel Mahn, Cong Wang, Danielle Kent, Chris Heaton, The optimism effect on country productivity and innovation activities, Journal of Innovation & Knowledge, Volume 9, Issue 4, 2024, 100565, ISSN 2444-569X, https://doi.org/10.1016/j.jik.2024.100565.
dc.identifier.doihttps://doi.org/10.1016/j.jik.2024.100565
dc.identifier.urihttps://hdl.handle.net/11447/9309
dc.language.isoen
dc.subjectEntrepreneurial ecosystem
dc.subjectProductivity
dc.subjectOptimism
dc.subjectInnovation
dc.subjectR&D
dc.subjectTotal factor productivity
dc.titleThe optimism effect on country productivity and innovation activities
dc.typeArticle
dcterms.accessRightsAcceso abierto
dcterms.sourceJournal of Innovation & Knowledge
dspace.entity.typePublication
relation.isAuthorOfPublication740773e8-d160-4ceb-98c3-4a78464d04d3
relation.isAuthorOfPublication.latestForDiscovery740773e8-d160-4ceb-98c3-4a78464d04d3

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