Productive and cognitive innovation strategy:African framework design

Godwin Nwaobi ()

MPRA Paper from University Library of Munich, Germany

Abstract: Since the mid 1900’s, economist have come to recognize the role of innovative activity in firms productivity growth, particularly in the competitive market economies. However, the most conducive market environment for innovative activity has also become a subject of interest. Thus, a major constraint on industrial dynamism in African countries is said to be the dearth of indigenous entrepreneurs. This paper therefore argued for the provision of comprehensive innovation policy, in which the government supports the innovators by providing appropriate financial measures; removing regulatory, institutional (competitive) obstacles to innovation; and strengthening the knowledge base through investment in education, research and industrial sites in Africa.

Keywords: innovation policy; Africa; Nigeria; investment; productivity; science parks; business clusters; economic zones; inventions; free trade zones; cognitive revolution, industrial revolution; infrastructures; technology; research and development; venture capital (search for similar items in EconPapers)
JEL-codes: D20 L26 L60 L70 L90 M13 O30 O31 O32 Q10 Q2 Q3 Q40 Q50 R10 (search for similar items in EconPapers)
Date: 2011-03-21
New Economics Papers: this item is included in nep-afr, nep-cse, nep-ino and nep-knm
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:29728

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