How to Create a Friendly Environment for Innovation? A Case for Europe

It is a misjudgement to assume that R & D subsidies, patent protections or alike are sufficient to promote innovation. In fact, innovations incubate and hatch within an environment, especially if it is a friendly one. The aim of this paper is to look for the major factors which are the building...

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Bibliographic Details
Published in:Social indicators research Vol. 144; no. 1; pp. 451 - 473
Main Authors: Ege, Aylin, Ege, A. Yavuz
Format: Journal Article
Language:English
Published: Dordrecht Springer Science + Business Media 01.07.2019
Springer Netherlands
Springer Nature B.V
Subjects:
Access to information
Economic stabilization
Economics
Environment
Equality
Gender inequality
Human Geography
Innovation
Innovations
Law
Longitudinal studies
Microeconomics
Panel data
Political factors
Politics
Public Health
Quality of Life Research
R&D
Research & development
Rule of law
Social factors
Social research
Social Sciences
Sociology
Stability
Subsidies
Social and political factors
Friendly innovation environment
European countries
Panel data analysis
ISSN:0303-8300, 1573-0921
Online Access:Get full text
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Summary:It is a misjudgement to assume that R & D subsidies, patent protections or alike are sufficient to promote innovation. In fact, innovations incubate and hatch within an environment, especially if it is a friendly one. The aim of this paper is to look for the major factors which are the building blocks or pillars of such an environment. After discussing and analysing the theoretical and empirical studies on the major social and political factors which are the likely constituents of our inquired environment, four major blocks or pillars appear to be the basic components on theoretical grounds. They are identified as the four different categories of inclusiveness, namely legal/regulatory, political and economic, social, and informatory. A model is developed by employing variables representing these four groups to measure and to analyse their impact on innovation. The model is tested by utilising the panel data of European countries. The results indicate that a favourable environment for innovation requires the existence of rule of law, gender equality, economic and political stability, and access to information.
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ISSN:0303-8300
1573-0921
DOI:10.1007/s11205-018-2039-4