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Purpose - This paper examines the impact of national innovation capability and economic growth by utilizing data from the Global Innovation Index (GII) reports. Seven ASEAN countries, including Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, are taken as examples to provide evidence for the study. Design/Methodology/Approach - To evaluate the relationship between national innovation capability and economic growth, the authors build a model in which national innovation capability includes seven pillars of innovation. Economic growth is assessed through GDP. Data was collected in 11 GII reports from 2011 to 2021. Findings - The results of the study show that among seven GII pillars, institutions, infrastructure, and business sophistication are found to have an impact on economic growth. However, while the effect of institutions and infrastructure is positive, the impact of business sophistication on economic growth is found to be negative. Practical implications - This paper recommends that to enhance economic growth, governments of seven surveyed ASEAN countries should pay more attention to improving institutions and infrastructure. In addition, they should also focus on making market sophistication more efficient. Originality/value - This research offers a new insight for fostering economic growth from the perspective of national innovation. This is the first study that examines the impact of seven pillars of innovation on economic growth. The results provide additional evidence of the impact of national innovation capacity on economic growth.
Thanh et al. (Wed,) studied this question.