Productive and cognitive innovation strategy:African framework design
Abstract
Since the mid 1900’s, economist have come to recognize the role of innovative activity in firms productivity growth, particularly in the competitive market economies. However, the most conducive market environment for innovative activity has also become a subject of interest. Thus, a major constraint on industrial dynamism in African countries is said to be the dearth of indigenous entrepreneurs. This paper therefore argued for the provision of comprehensive innovation policy, in which the government supports the innovators by providing appropriate financial measures; removing regulatory, institutional (competitive) obstacles to innovation; and strengthening the knowledge base through investment in education, research and industrial sites in Africa.Download Info
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 29728.
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Date of creation: 21 Mar 2011
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Handle: RePEc:pra:mprapa:29728
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Related research
Keywords: innovation policy; Africa; Nigeria; investment; productivity; science parks; business clusters; economic zones; inventions; free trade zones; cognitive revolution; industrial revolution; infrastructures; technology; research and development; venture capital;Find related papers by JEL classification:
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
- R10 - Urban, Rural, Regional and Transportation Economics - - General Regional Economics - - - General
- L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General
- D20 - Microeconomics - - Production and Organizations - - - General
- Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
- L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
This paper has been announced in the following NEP Reports:
- NEP-AFR-2011-04-09 (Africa)
- NEP-ALL-2011-04-09 (All new papers)
- NEP-CSE-2011-04-09 (Economics of Strategic Management)
- NEP-INO-2011-04-09 (Innovation)
- NEP-KNM-2011-04-09 (Knowledge Management & Knowledge Economy)
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