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The socioeconomic determinants of innovation

An empirical examination

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Abstract:

While previous research has provided an unprecedented amount of data on entrepreneurial activity across countries (Global Entrepreneurship Monitor, GEM), this study takes an expanded yet nuanced view, and questions previous assumptions regarding what is both an input and outgrowth of such activity – innovation. By adopting a cross-cultural perspective that utilizes information from multiple datasets, the authors investigate the distinct role that government, business/technical and human capital has on enabling innovation. By employing a number of robust empirical tests across multiple countries in a longitudinal manner, the authors determine which hierarchy of factors affects how a particular country initiates and fosters innovative behaviour. Directions for future research, study limitations and the role of government in innovation are discussed.

Keywords: CROSS-CULTURAL LONGITUDINAL RESEARCH; INNOVATION; SOCIOECONOMIC FACTORS

Document Type: Research Article

DOI: http://dx.doi.org/10.5367/000000008786208722

Publication date: November 1, 2008

More about this publication?
  • Published quarterly, this journal provides a worldwide forum for the exploration and dissemination of ideas and experience relating to the development and application of entrepreneurship. IJEI is interdisciplinary, publishing the highest-quality work in business and management and in the social sciences. Authors and readers are drawn from government, industry and universities. It has particular appeal to researchers and teachers in higher education, especially in business schools, and university departments of management, sociology and psychology.

    Each issue includes double-blind peer-reviewed papers; a case study with teaching notes, an 'Internet Review' section which identifies and reviews Websites on a selected topic, and book reviews. For key topics go to www.ippublishing.com.
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