Detail Publikasi
Abstrak
It is commonly accepted that industrial productivity is propelled by innovation and technological change, but their effectiveness is to a large degree determined by firms operating in a conducive broader innovation infrastructure. This study analyzes the efficiency of industrial enterprises from the perspective of the interaction of three basic elements of innovation infrastructure with research and development intensity, digitalization, human capital, and technological modernization. Even if most of the literature supports individual positive causality of these drivers, they possibly act simultaneously and complementarily; this joint interest has been explored too little and requires empirical evidence within a single econometric framework. In response to this gap, the present study employs a multi factor panel data econometric approach at the industry level for the time period of 2012 to 2023 with international comparative data. The research findings evidence that all the variables captured and analyzed have a positive and significant impact on industrial efficiency, with research and development intensity and digitalization representing the most direct contributions. Notably, the innovation infrastructure index has a reinforcing effect by strengthening the productivity impacts of investments in technology and human capital. We empirically validate innovation infrastructure for the first time both as independent determinant and systemic enabler that increases the effects of other types of innovation input. These results suggest that firm level innovation plays an important role to be well embedded in regional market and non-market innovation systems, otherwise the outsourcing of industrial efficiency to other regions will not be sustainable. The results provide the evidence-based support for consolidated industrial and innovation policies, that together enhance infrastructure, skills, and digital and technological capabilities.