Innovation Input-Output Analysis of African Countries

Abstract

Given the importance of innovation in global competitiveness, this study aims to analyze the relationship between innovation input-output in African countries from 2009 to 2017, determining the degree of significance of each input on the output. With data collected from the Global Innovation Index, an Econometric random Fixed effect model was run revealing a negative insignificant effect of institutions on innovation, a positive insignificant effect of human capital on innovation, a positive insignificant effect of infrastructures on innovation, a positive significant effect of market sophistication on innovation, and finally a positive significant effect of business sophistication on innovation.

Keywords: Innovation, input-output, African countries.

DOI: 10.7176/JAAS/54-09

Publication date: April 30^th 2019