Determinants of the capacity to innovate of the OECD members
DOI:
https://doi.org/10.33064/iycuaa2019772123Keywords:
national innovative capacity, generalized linear model, human capital, model, OECDAbstract
Innovation is one of the central issues that explain the economic performance of countries. However, not all nations have developed the capabilities needed to generate marketable innovations and take advantage of their benefits. This paper stands on the hypothesis that their institutions, their infrastructure, their human capital, their market sophistication and their business sophistication determine innovative capacity of OECD nations positively. The instrument used to measure these relationships was a Generalized Linear Model (GLM). Results suggest that three of five selected determinants are statistically significant. Findings reveal that business sophistication, followed by human capital and market sophistication has the greatest explanatory power of the model.
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Copyright (c) 2019 Antonio Favila-Tello, Enrique Armas-Arévalos
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