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Good Governance and Innovation: a Renewed Global Framework for National and Supranational Policy Advancement

Author

Listed:
  • Alberto Ibanez

    (University of Science and Technology of Fujairah
    Universidad Ecotec)

  • Ahmed AlRadaideh

    (Ajman University)

  • Juan Antonio Jimber del Rio

    (Universidad Ecotec
    Universidad de Cordoba)

  • Gyanendra Singh Sisodia

    (Ajman University)

Abstract

There exists ample literature on the effect of democracy on innovation, with mix results. The present study includes the variable good governance, to study its potential effect on innovation. The research main goal consists in building upon and going beyond existing research dedicated to fostering innovation by identifying key good governance indicators at a country and supranational level, and their potential synergies and interactions with variables that complete the new model. The methodology used for the statistical analysis is based on Partial Least Square Structural Equation Modelling (PLS-SEM), due to the exploratory nature of the study. The research analyzes interactions between good governance indicators, innovation, education, and democracy, along with gross domestic product per capita as a mediating variable. The findings reveal that good governance, education, and gross domestic product indicators have a positive effect on innovation within EU countries and supranational government-controlled institutions. Furthermore, the research identifies the mediation role of gross domestic product between good governance and innovation as well as between education and innovation and the critical role of management to promote good governance and innovation. Based on these findings and the study limitations, the research proposes specific policies to promote innovation.

Suggested Citation

  • Alberto Ibanez & Ahmed AlRadaideh & Juan Antonio Jimber del Rio & Gyanendra Singh Sisodia, 2024. "Good Governance and Innovation: a Renewed Global Framework for National and Supranational Policy Advancement," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 5794-5816, June.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01324-7
    DOI: 10.1007/s13132-023-01324-7
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    References listed on IDEAS

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    More about this item

    Keywords

    Education; Good governance; Innovation; Management; Policy; Strategy;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy

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