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

So Young Sohn, Dong Ha Kim, Song Yi Jeon

Research output: Contribution to journalArticle

12 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 languageEnglish
Pages (from-to)492-505
Number of pages14
JournalTechnology Analysis and Strategic Management
Volume28
Issue number4
DOIs
Publication statusPublished - 2016 Apr 20

All Science Journal Classification (ASJC) codes

  • Strategy and Management
  • Management Science and Operations Research

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