Re-evaluation of global innovation index based on a structural equation model

So Young Sohn; Dong Ha Kim; Song Yi Jeon

doi:10.1080/09537325.2015.1104412

Re-evaluation of global innovation index based on a structural equation model

So Young Sohn, Dong Ha Kim, Song Yi Jeon

Department of Industrial Engineering

Research output: Contribution to journal › Article › peer-review

13 Citations (Scopus)

Abstract

The Global Innovation Index (GII) was proposed to observe the innovation capability and efficiency levels of individual countries using input and output factors. However, it does not consider potential structural relationships among factors affecting the innovation performance of a country. In this study, we proposed a structural equation model (SEM) based on the hypothesised national innovation structure among seven factors representing inputs (institution, human capital and research, infrastructure, market sophistication, and business sophistication) and outputs (knowledge and technology outputs, and creative outputs). Using GII data from 2013, we discovered that business sophistication and infrastructure have the strongest direct and indirect effects on creative output, respectively. In addition, a new ranking is obtained based on the fitted SEM. We provide feedback information to improve innovation capabilities.

Original language	English
Pages (from-to)	492-505
Number of pages	14
Journal	Technology Analysis and Strategic Management
Volume	28
Issue number	4
DOIs	https://doi.org/10.1080/09537325.2015.1104412
Publication status	Published - 2016 Apr 20

All Science Journal Classification (ASJC) codes

Strategy and Management
Management Science and Operations Research

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