Assessing Innovation Patterns and Constraints in Developing East Asia : An Introductory Analysis
This paper sheds light on key innovation patterns and constraints within a selected set of developing East Asian countries (Cambodia, China, Indonesia, the Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam)...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/775751547743617824/Assessing-Innovation-Patterns-and-Constraints-in-Developing-East-Asia-An-Introductory-Analysis http://hdl.handle.net/10986/31174 |
| Summary: | This paper sheds light on key innovation
patterns and constraints within a selected set of developing
East Asian countries (Cambodia, China, Indonesia, the Lao
People’s Democratic Republic, Malaysia, Myanmar, the
Philippines, Thailand, and Vietnam). It follows a
comprehensive approach about national innovation systems
while highlighting the supply and demand dimensions of
innovation as well as the markets where firms make
accumulation decisions for different forms of capital
(knowledge capital, human capital. and physical capital).
The paper presents a set of empirical exercises drawing from
various data sets. The results corroborate the idea of the
importance of adopting a broad view of innovation policy and
investing in missing complementary factors. Although
investment in research and development is key to boost
innovation, it is also crucial to have business and
regulatory environments that are conducive to overall firm
performance and capital accumulation (not only knowledge
capital), as they are expected to improve innovation
returns. In addition, the results suggest that other
innovation inputs aside from research and development matter
for innovation activities, such as training for innovative
activities, acquisition/licensing of technology, and
managerial practices. |
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