The innovation phenomenon in the Netherlands
An empirical view from the application of binary limited response models
Abstract
This study analyzes the dynamics of innovation in the Netherlands from an empirical perspective that recognizes that the strengthening of the phenomenon under study guarantees an effective economic development typical of a leading economy. Using the World Bank's Business Innovation Survey as a reference, logistic regression models were postulated to identify the factors that were the most influential in innovation in the Netherlands during 2020. Among the results of the application of the models it is revealed that exporting and personnel training significantly incentivized innovation in the 703 Dutch companies surveyed. The insights provided by the findings present opportunities to strengthen the innovation ecosystem by promoting sustainable growth. In conclusion, it is recommended to establish trade agreements that encourage both innovation and the reduction of tariffs and investment in training programs for workers.
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