The Effect of R&D Intensity on Innovation Performance: A Country Level Evaluation

Abstract

Globalization led to technological advances and increased information flow which has resulted in the knowledge to turn into be the main drivers of economic growth. Investments in technology and innovation are made to advance economic performance and living standards the innovation process of the countries can be guided by deliberate government policies rather than a spontaneous phenomenon in global economic environment. In this regards the countries willing to make progress in innovation are focusing on innovation investments.