Academic journal article Research-Technology Management

The Determinants of National Innovative Capacity

Academic journal article Research-Technology Management

The Determinants of National Innovative Capacity

Article excerpt

The Determinants of National Innovative Capacity (Working Paper No. 7876); Scott Stern, Michael Porter and Jeffrey Furman; National Bureau of Economic Research, March 2001.

This paper evaluates the factors driving variation in R&D productivity among a sample of 17 OECD countries between 1973 and 1996. The key concept framing the analysis is "national innovative capacity," defined by the authors as "the ability of a country--as both a political and economic entity--to produce and commercialize a flow of innovative technology over the long term."

Porter, Stem and Furman's quantitative analysis concentrates on uncovering the relationship between international patenting (patenting by foreign countries in the United States) and the variables making up the innovative capacity framework. Their results suggest that a number of factors are especially important in determining a nation's overall level of innovative outputs, including national policies, such as international patent protection and openness to international trade, and factors describing the composition of R&D effort in the economy, such as the share of research performed by the academic sector and the share funded by the private sector. In expanding their analysis to examine the relationship between innovativeness and competitiveness, the authors find that a country's level of national innovative capacity also has a substantial impact on commercial success in high-tech markets at home and abroad. …

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