Science, Innovation, Technology and Entrepreneurship series
Edited by Dimitris G. Assimakopoulos, Ilan Oshri and Krsto Pandza
Chapter 11: Methodological challenges of capturing innovation in developing countries
Innovation tends to be considered as a major driver of both economic growth and competitiveness of companies and industries. However, measurement and analysis of innovative activities and their impacts at micro, meso and macro levels have often been burdened with conceptual and applicative difficulties (Aralica et al., 2008). Another major challenge in studying the relation between growth and innovation (apart from the methodological one), especially in developing countries, is the collection and the quality of data. In obtaining data for empirical works, studies usually either exploit official statistical sources (Van Ark et al., 2009; Fukao et al., 2007; Majcen et al., 2011) or obtain them through surveys (Miyagawa et al., 2010; Pra_nikar, 2010). Both approaches have their own advantages and disadvantages.
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