Journal of Improvement Management

Journal of Improvement Management

Institutions influencing innovation; A review of the thoughts of some theorists of industrial and economic development

Document Type : Research Article (Original Article)

Authors
Mostafa Safdari Ranjbar 1
Soroush Ghazinoori 2
1 Assistant Professor at Department of Management and Accounting, University of Tehran (College of Farabi)
2 Associate Professor of Department of Technology and Entrepreneurship, Faculty of Management and Accounting, Allameh Tabataba’i University
10.22034/jmi.2024.475002.3129
Abstract
This article is written to identify and level institutions that influence innovation. For this purpose, the theoretical framework of Williamson (2000) and the deductive thematic analysis of the texts containing the thoughts of 9 prominent economic experts, namely Friedrich List, Joseph Schumpeter, Joseph Stiglitz, Douglas North, Daron Acemoğlu, Richard Nelson, Dani Rodrik, Ha-Joon Chang, and Mariana Mazzucato are used. The purposive sampling method has been used in the selection of experts and the selection of their works. As a result, the thematic network of institutions influencing innovation has been presented, consisting of four categories of institutions: 1) Social embeddedness (a culture that favors risk-taking, creativity, and innovation; acceptance of transformation, diversity, and dissent; freedom in thought, expression, and action; high acceptance towards social mobility; dynamism, sense of belonging and hope for the future; and social capital, participation and cooperation); 2) Institutional environment (protection of (intellectual) property rights; granting independence and political and economic freedoms; rule of law and good governance; eliminating monopolies and encouraging inclusive political and economic competition; and a playground encouraging collective entrepreneurial actions); 3) Governance (supporting education and skills training; supporting basic and applied research; supporting new businesses and infant industries; investing and providing venture capital; granting tax exemptions and incentives; supporting collaborations and technological learning; developing new standards and regulations; facilitating access to foreign capital and manpower; and encouraging exports and imports control); and 4) Resource allocation and employment (encouraging innovation in economic enterprises; directing innovation by government agencies; and facilitating innovation by intermediary institutions).
Keywords
Institutions
Innovations
Economic development
Co-evolution
Governance
Subjects
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  • Receive Date 24 August 2024
  • Revise Date 31 October 2024
  • Accept Date 31 October 2024