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A model for assessing the contribution of innovative SMEs to economic growth: The intangible approach

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  • González-Loureiro, Miguel
  • Pita-Castelo, Jose

Abstract

Three components govern the impact of intangible management on the growth of SMEs: human, structural and relational capitals. The relationship with the institutional system of innovation (ISI) is novel. The results highlight that the ISI does not satisfy the needs of SMEs fully.

Suggested Citation

  • González-Loureiro, Miguel & Pita-Castelo, Jose, 2012. "A model for assessing the contribution of innovative SMEs to economic growth: The intangible approach," Economics Letters, Elsevier, vol. 116(3), pages 312-315.
    • Handle: RePEc:eee:ecolet:v:116:y:2012:i:3:p:312-315
    DOI: 10.1016/j.econlet.2012.03.028
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    References listed on IDEAS

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    1. Etzkowitz, Henry & Leydesdorff, Loet, 2000. "The dynamics of innovation: from National Systems and "Mode 2" to a Triple Helix of university-industry-government relations," Research Policy, Elsevier, vol. 29(2), pages 109-123, February.
    2. Li, Chol-Won, 2002. "Growth and scale effects: the role of knowledge spillovers," Economics Letters, Elsevier, vol. 74(2), pages 177-185, January.
    3. Cheng, Leonard K & Tao, Zhigang, 1999. "The Impact of Public Policies on Innovation and Imitation: The Role of R&D Technology in Growth Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(1), pages 187-207, February.
    4. Pessoa, Argentino, 2010. "R&D and economic growth: How strong is the link?," Economics Letters, Elsevier, vol. 107(2), pages 152-154, May.
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    Citations

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    Cited by:

    1. Ștefan Cristian Gherghina & Mihai Alexandru Botezatu & Alexandra Hosszu & Liliana Nicoleta Simionescu, 2020. "Small and Medium-Sized Enterprises (SMEs): The Engine of Economic Growth through Investments and Innovation," Sustainability, MDPI, vol. 12(1), pages 1-22, January.
    2. Oluwaseun Niyi Anifowose & Matina Ghasemi & Banji Rildwan Olaleye, 2022. "Total Quality Management and Small and Medium-Sized Enterprises’ (SMEs) Performance: Mediating Role of Innovation Speed," Sustainability, MDPI, vol. 14(14), pages 1-19, July.
    3. Dabic, Marina & González-Loureiro, Miguel & Daim, Tugrul U., 2015. "Unraveling the attitudes on entrepreneurial universities: The case of Croatian and Spanish universities," Technology in Society, Elsevier, vol. 42(C), pages 167-178.
    4. Maria José Sousa & Miguel González-Loureiro, 2016. "Employee knowledge profiles – a mixed-research methods approach," Information Systems Frontiers, Springer, vol. 18(6), pages 1103-1117, December.
    5. Muliadi Muliadi & Dio Caisar Darma & Jati Kasuma, 2020. "MSMEs as mediation in the effects of investment credit, interest rates, and labor on economic growth: Evidence from Indonesia," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 9(2), pages 01-12, April.
    6. Rodrigo Rodrigo Barra Novoa Barra Novoa, 2021. "Economic impact of SMEs in the desert of Arica-Chile: an early evaluation of the business assistance provided by Sercotec's Arica Business Center program," Post-Print hal-03341300, HAL.
    7. Carlos M. F-JARDON & Miguel GONZALEZ-LOUREIRO, 2013. "Human Capital as Source for Sustained Competitive Advantages in SMEs: A Core Competencies Approach," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(2), pages 255-276, December.
    8. Wang, Huiqi & Yuan, Wei & Yuan, George, 2022. "The mechanism for SMEs growth by applying stochastic dynamical approach," Finance Research Letters, Elsevier, vol. 48(C).

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    More about this item

    Keywords

    Intangible capital; System of innovation; Innovative SMEs; Economic growth; Innovation-driven growth;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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