National Innovation Ecosystems in the G-20 Countries: Institutions, Knowledge Infrastructure, and Firm Capabilities

Abstract

Based on an ecosystem perspective, this study develops a conceptual model that identifies institutions, knowledge infrastructure, and firm capabilities as core complementary contributing factors to a nation’s aggregate innovative performance. It then tests the model’s basic propositions across nineteen of the G20 countries during the years 2006-2014. Preliminary results provide strong support for the propositions. The findings have important research, theory, and public policy implications, particularly for developing countries seeking to spur economic growth through enhanced innovation and entrepreneurial activities.