empirical results provided an affirmative response to the question raised in this paper: "Does innovation mediate good firm …

Innovation involves implementing new or significantly improved goods and services, production processes, marketing, or … organizational methods for adding value. The measurement of innovation provides a mechanism for benchmarking national performance …, and for examining innovation and its relation to economic growth. Further, examining determinants and bottlenecks to …

The Oslo Manual, following ideas of Schumpeter, defines innovation as "the implementation of a new or significantly … become even more cognizant of innovation as a major driver of economic performance, from output, to productivity, and to … encourage innovation and support the country's innovation ecosystem. Examining innovation and its relation to economic growth …