Are There Laws Of Innovation?

This book explores the relationship between innovation outputs and inputs across different economies, including the G7, EANIEs, and Mainland China, to determine if there are laws of innovation. It concludes that innovation is the result of long-term research and development activities and provides insights into future trends and areas for further research.

Format: Hardback
Length: 244 pages
Publication date: 16 September 2022
Publisher: World Scientific Publishing Co Pte Ltd

Beyond real GDP, innovative capacity holds significant importance as a measure of a nation's economic strength. By examining innovative capacity and other indicators of success in innovation across the Group-of-Seven (G7) Countries, the East Asian Newly Industrialised Economies (EANIEs), and Mainland China, this book aims to establish a positive relationship between innovation outputs and inputs across different economies. In pursuit of answering the question, "Are there laws of innovation?" this book seeks to identify the determinants of innovation at the economy-wide level, examine whether these determinants are similar across different economies, and develop suitable metrics for comparing relative success in innovation.

Concluding its findings, the book emphasizes that innovation arises from long-term research and development activities rather than being a mere stroke of good fortune. It sheds light on future trends and areas for further research, contributing to our understanding of the dynamics and drivers of innovation in the global economy.

This comprehensive study offers valuable insights into the complex relationship between innovation, economic development, and global competitiveness, providing policymakers, researchers, and business leaders with valuable tools for understanding and navigating the ever-evolving landscape of innovation.

ISBN-13: 9789811251177