Role Of Innovation In Growth Of Countries
AbstractThe 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.
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Bibliographic InfoArticle provided by Prague Development Center in its journal Perspectives of Innovation in Economics and Business (PIEB).
Volume (Year): 4 (2010)
Issue (Month): 1 (February)
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Web page: http://academicpublishingplatforms.com/journal.php?journal=PIEB
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Innovation; economic growth; productivity of the firms; innovative firms; innovation capability of a country;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
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- 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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