Original scientific paper
https://doi.org/10.1080/1331677X.2020.1838314
An approach to a country’s innovation considering cultural, economic, and social conditions
M. Ángeles López-Cabarcos
Juan Piñeiro-Chousa
Lara Quiñoá-Piñeiro
Abstract
One of the main concerns regarding innovation lies in knowing
and understanding how this phenomenon occurs. Many countries
are basing their aspirations for progress on innovation, placing it
at the heart of their growth strategies. In response to this need,
this study proposes to analyse the combined effects of five conditions that can lead to a country’s innovation. Using a sample of
51 countries and fuzzy-set qualitative comparative analysis
(fsQCA), this study aims to find out whether a country’s long-term
orientation, its public expenditure on education, its democracy
level, the inflows of foreign direct investment (FDI), and its entrepreneurial activity can lead independently or in combination to
the presence of innovation. The results show that the democracy
level and the long-term orientation of a country are key conditions to lead to a country’s innovation. Conversely, the inflows of
FDI and the public expenditure on education seem to play a secondary role to lead to a country’s innovation. Besides, the entrepreneurial activity of a country and its innovative activity seem to
behave in the opposite direction. The results are intended to help
governments, businesses, and investors make decisions capable of
generating greater value at all levels
Keywords
Innovation; long-term orientation; investment in education; democracy; FDI; entrepreneurship
Hrčak ID:
301458
URI
Publication date:
31.12.2021.
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