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 | |
| Publication status | Published - 2016 Apr 20 |
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All Science Journal Classification (ASJC) codes
- Strategy and Management
- Management Science and Operations Research
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Re-evaluation of global innovation index based on a structural equation model. / Sohn, So Young; Kim, Dong Ha; Jeon, Song Yi.
In: Technology Analysis and Strategic Management, Vol. 28, No. 4, 20.04.2016, p. 492-505.Research output: Contribution to journal › Article
TY - JOUR
T1 - Re-evaluation of global innovation index based on a structural equation model
AU - Sohn, So Young
AU - Kim, Dong Ha
AU - Jeon, Song Yi
PY - 2016/4/20
Y1 - 2016/4/20
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84958176905&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84958176905&partnerID=8YFLogxK
U2 - 10.1080/09537325.2015.1104412
DO - 10.1080/09537325.2015.1104412
M3 - Article
AN - SCOPUS:84958176905
VL - 28
SP - 492
EP - 505
JO - Technology Analysis and Strategic Management
JF - Technology Analysis and Strategic Management
SN - 0953-7325
IS - 4
ER -