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Role Of Innovation In Growth Of Countries

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  • SARA TEJINDER

    (College of Business and Information Science Tuskegee University, USA)

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    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.

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    Bibliographic Info

    Article provided by Prague Development Center in its journal Perspectives of Innovation in Economics and Business (PIEB).

    Volume (Year): 4 (2010)
    Issue (Month): 1 (February)
    Pages: 15-17

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    Handle: RePEc:pdc:jrpieb:v:4:y:2010:i:1:p:15-17

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    Related research

    Keywords: Innovation; economic growth; productivity of the firms; innovative firms; innovation capability of a country;

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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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