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Role of innovation in growth of countries

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  • Tejinder, Sara

Abstract

The paper discusses the role of innovative capability in growth of a country by arguing that in the long run, a nation’s higher order competitive advantage can be built only with innovation. The paper also identifies eight determinants of innovation capability of a country. The discussion of these eight determinants should be useful for policy makers in countries attempting to promote economic growth by improving the productivity of the firms in their countries.

Suggested Citation

  • Tejinder, Sara, 2010. "Role of innovation in growth of countries," Perspectives of Innovations, Economics and Business (PIEB), Prague Development Center (PRADEC), vol. 4(1), pages 1-3, February.
    • Handle: RePEc:ags:jrpieb:94611
    DOI: 10.22004/ag.econ.94611
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    References listed on IDEAS

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    1. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
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    Cited by:

    1. Laima Gerlitz, 2016. "Developing a Design Management Model for Innovating SMEs in the Context of Regional Smart Specialisation," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 8(2).
    2. Jakub Tabas & Michaela Beranová & Jan Vavřina, 2011. "Barriers to development of the innovation potential in the small and medium-sized enterprises," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 447-458.

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