Article Abstract:
Domestic innovation and the diffusion of technology have been seen as important factors affecting productivity growth. Research into these factors shows that international technological diffusion tends to have a greater impact than domestic research and development (R and D), on average, for countries in the OECD. Domestic R and D is more important for large economies, however, and smaller countries need their own research to adapt. R and D appears to have less of an impact on productivity from the mid 1970s. Demand side factors appear to have had an impact as well as supply-side factors.
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Article Abstract:
Corporate governance is important given that companies play an important role in the economy, and organizational theory has to take innovation into account, as has been done with the nodel offered.
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Article Abstract:
Changes may be occurring in the way that international business enterprises manage innovation, and there are both centrifugal and centripetal forces involved.
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