Perspectives of Innovations, Economics and Business

  Previous Article | Back to Volume | Next Article
  Abstract | References | Citation | Download | Preview | Statistics
Volume 4
Issue 1
Online publication date 2010-02-10
Title Role of innovation in growth of countries
Author Tejinder Sara
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.
Barsh, J., Capozzi, M., & Davidson, J., 2008. Leadership and innovation, The McKinsey Quarterly, January

Beach, W. & Kane, T., 2008. Methodology: Measuring the 10 economic  freedoms. 2008 Index of Economic Freedom, Heritage Foundation, Washington D.C. 

Beason, R. & Weinstein, D., 1996. Growth, economies of scale, and targeting in Japan. Review of Economics and Statistics, 78, pp.286-95

Drucker, P., 2001. The essential Drucker: Best of sixty years of Peter Drucker’s essential writings on management, Harper Collins. New York

Hayek, F., 1944. The road to serfdom, London, Routledge Press

Holmes, K., Feulner, E., & O’Grady, M., 2008. Index of Economic Freedom, Heritage Foundation, Washington D.C.

Jacobs, J., 1984. Cities and wealth of nations: Principles of economic life, Random House, New York

Locke, J., 2003. Two treatises of government, London, Yale University Press

Morck, R. & Yeung, B., 2001. The economic determinants of innovation, Industry Canada Research Publications Program

North, D., 1990. Institutional change and economic performance. New York, Cambridge Press

Olson, M., 2000. Power and prosperity: Outgrowing communist and capitalist dictatorships, Oxford University Press

Porter, M., 1990. The competitive advantage of nations, Free Press, New York

Rodrik, D. & Subramanian, A., 2003. The primacy of institutions, Finance and Development, pp.31-34

Romer, P., 1994. The origins of endogenous growth. Journal of Economic Perspectives, Winter, pp.3-22.

Sala-I-Martin, X. , Blanke, J. , Drzeniek-Hanouz, M., Geiger, T., & Mia, I., & Paua, F., 2008. “The Global competitiveness index: Prioritizing the economic policy agenda.” The Global Competitiveness Report 2008-2009, World Economic Forum, Geneva, Switzerland

Schumpeter, J., 1934. The theory of economic development: An inquiry into profits, capital, credit, interest, and business cycle. Harvard University Press, Cambridge, Mass
Smith, A., 1994. An inquiry into the nature and causes of the wealth of nations, New York, Random House, The Economist, November 22, 2008

The McKinsey Quarterly, 2006. An executive take on the top business trends: A Global McKinsey Survey, April

World Economic Forum, 2005. The Global Competitiveness Report 2005-2006, Policies underpinning rising prosperity, Geneva, Switzerland

World Economic Forum, 2008. The Global Competitiveness Report 2008-2009, Geneva, Switzerland 

Keywords Innovation, economic growth, productivity of the firms, innovative firms, innovation capability of a country.
Pages 15-17
Download Full PDF Download
  Previous Article | Back to Volume | Next Article
Search in articles
Journal Published articles
PIEB 611
Journal Hits
PIEB 1765440
Journal Downloads
PIEB 28486
Total users online -