An Overview of Innovation in the Arab Gulf States: From Origins and Five‐Year Plans to New Cities and Indices

Redman, James C. A.

doi:10.1111/ssqu.12915

Cited by 4 publications

(4 citation statements)

References 44 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Financial intermediaries provide funds to entrepreneurs to invent new products. The success of innovation is uncertain, once it got successful, generates funds and motivates further innovation (Chiovenda 2020; Redman 2020; Winecoff and Graff 2020). An economy with a poor economic base suffers from entrepreneurial activities and falls into a no‐economic activity trap.…”

Section: Literature Reviewmentioning

confidence: 99%

The causal nexus between innovation and economic growth: An OECD study

Dhar

Shaturaev

Kurbonov

et al. 2023

Social Science Quarterly

View full text Add to dashboard Cite

Innovation contributes to economic growth by generating new ideas and improving production processes. At the same time, countries with high economic growth have the freedom to promote innovation. This article aims to examine the causal relationship between innovation and economic growth. Method: An innovation index was constructed using factors of innovation, utilizing principal component analysis. The study used Granger causality to investigate the causal relationship between innovation and economic growth. The sample comprised 34 OECD countries during the period 1961-2018. Results:The results showed that the United States had the highest innovation index, while Luxembourg had the highest economic growth. The study found both unidirectional and bidirectional causal relationships between innovation and economic growth. Conclusions:The study highlights the importance of innovation in driving economic growth and provides insights into the complex and dynamic relationship between these two variables. The findings could be useful for policymakers in designing effective strategies to promote innovation and foster economic growth in their respective countries. KEYWORDS economic growth, Granger causality, innovation, OECD, principal component analysisBritain was the foremost country that experienced the first industrial revolution . Then gradually it spread over Belgium, France, and other countries as well. Technological development is one of the important features of the industrial revolution. 1 It is found that large-sized firms are getting the advantage of lower capital costs than beginners in the industry (Hall 2002). The use of innovative tools is important for the same (Aminjonov 2020;Bianco et al. 2020).

show abstract

Section: Literature Reviewmentioning

confidence: 99%

The causal nexus between innovation and economic growth: An OECD study

Dhar

Shaturaev

Kurbonov

et al. 2023

Social Science Quarterly

View full text Add to dashboard Cite

show abstract

“…Concluding that higher innovation results in higher competitiveness of an economy as competitiveness is "a multi-faceted and complex phenomenon" (Jankowska et al, 2017, p 90). Redman (2020) opined that:…”

Section: Does the Gii Reflect The Reality Of Innovationmentioning

confidence: 99%

Legal Incentives and Constraints on Innovation: Keeping the Balance

Smith

Perry

2022

ECIE

View full text Add to dashboard Cite

The COVID-19 pandemic forced civil society and business to face a new reality where much greater reliance needed to be placed on networked devices and internet distributed communications, including the provision of services ranging from medical advice to food, entertainment and even the facility to interact with family. The ability to meet in-person with family, friends, colleagues, business associates or customers was severely restricted leaving internationalisation as a utopian dream as borders were closed, students were denied access to a physical classrooms and businesses had to rapidly “pivot” or fail. These alternatives to real life have seemed less appealing to many, with every aspect of life “going online”, whether virtual lectures, exams, meetings, mediations, court appearances, job interviews, shopping for a piece of cheese or starting a new trade relationship. Much innovation over the last two years has been around deploying online business models. There has also been a wider use of artificial intelligence to support “efficient” operations partly stimulated by the falling staffing levels due to the pandemic directly through sickness or forced isolations, or indirectly by a growing sense of the futility of working for a business, known as the Great Resignation (“Over the 12 months ending in January 2022, hires totalled 76.4 million and separations totalled 70.0 million…” indicating a huge refocusing on jobs in the USA) This paper looks at the challenge for legal systems to pivot around the growing trends in deployments of online innovation. Some businesses are now widely deploying software-based analysis systems, such as Airbnb, which is using them to “verify the identity and trustworthiness of a user of an online system” and flag potential guests who may be problematic. Although Airbnb is a multibillion-dollar business, it is a good example of how through using publicly available data, user supplied information, and smart software (artificial intelligence) a business can make predictions on the behaviour of its potential customers. Other AI resources have been creating new gaming scenarios, reporting on the news, and even creating new artworks and music. These kinds of use of AI in the marketplace have challenged the legal frameworks that support individual privacy and also ideas around human creativity.

show abstract

“…This argument is predicated on the notion that "there is a geographic boundary to the learning and transfer of knowledge between individuals and firms that precedes innovation" (Knudsen et al, 2008:462), but geographic proximity is not a sufficient condition. Without effective local infrastructure, networks, and institutions, innovation will struggle to take hold (Bianco et al, 2020;Redman, 2020). For instance, sustained, strong collaborative relationships foster the sharing of the type of tacit and complex knowledge that results in successful innovation (Hanson, 1999;Uzzi, 1997) through informal ties, professional associations, and chance encounters.…”

Section: The Complementary Viewmentioning

confidence: 99%

Are independent inventors a relic of the past? A study of independent patenting in the United States, 1963–2014

Dahlin

2021

Social Science Quarterly

View full text Add to dashboard Cite

An Overview of Innovation in the Arab Gulf States: From Origins and Five‐Year Plans to New Cities and Indices

Cited by 4 publications

References 44 publications

The causal nexus between innovation and economic growth: An OECD study

The causal nexus between innovation and economic growth: An OECD study

Legal Incentives and Constraints on Innovation: Keeping the Balance

Are independent inventors a relic of the past? A study of independent patenting in the United States, 1963–2014

Contact Info

Product

Resources

About