Innovation democracy is a broad term that describes a wide range of practices and innovations in democratic governance and the citizenry. These adjustments and reforms are often triggered by specific crises and pressures and seek to solve a variety of public problems and uphold different values, including the racial justice system, social cohesion, economic vitality or public health. In addition many of them are driven by new technologies that allow people to form groups without needing to physically meet.
Despite their diversity, these innovations share common characteristics, such as a re-evaluation of democratic norms, the development of participatory imaginaries, and the mobilization of a variety of publics to take on political activism and governance. These characteristics make them a crucial source of renewal for a democracies in crisis. The existing scholarship hasn’t been able to capture and explore the dynamism of imaginaries about democracy and citizenship which inspire new ways of doing things. In addition, imposing models of movement of democracy into conventional definitions and concepts of democracy may eliminate a priori precisely those aspects of innovation that can serve to regenerate democracies in crisis.
This article focuses on the role of the political system, governance institutions and the broader context of society in understanding the impact of democracy on innovation in emerging nations. It examines the notion that democratization is a crucial prerequisite for innovation in the developing nations by examining how degree of democracy relates to patent applications and trademark registrations in different regions of the world. The study also examines whether the impact of democracy on innovation varies in non-democratic countries, and within different innovation democracy types or democracy. It employs econometric methods such as OLS, fixed effect and System GMM estimation.