Innovative ability and entrepreneurial activity: two factors to enhance “quality of life”

Innovative ability and entrepreneurial activity: two factors to enhance “quality of life” Purpose – The purpose of this paper is to investigate the impact of aspects of knowledge economy covered by the Knowledge Economy Index (KEI) and aspects of entrepreneurial activity covered by the Global Entrepreneurship Index (GEI) on quality of life (QOL) in a country. Design/methodology/approach – Data pertaining to KEI, GEI and QOL for different countries were gathered and analyzed through correlation and regression analyses. Findings – The results of the analysis yielded two key findings: First, KEI and GEI have a significant effect on QOL. Second, the Innovation Index (a component of KEI) and the total early stage entrepreneurship (a component of GEI) emerge as key factors that improve QOL. Originality/value – The value of this research lies in the fact that it unearths the two factors in KEI and GEI that actually impact QOL. By establishing and reinforcing the salience of innovative ability and entrepreneurial activity, this research helps long‐term planners of an economy to fine‐tune their focus. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Business & Industrial Marketing Emerald Publishing

Innovative ability and entrepreneurial activity: two factors to enhance “quality of life”

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Publisher
Emerald Publishing
Copyright
Copyright © 2014 Emerald Group Publishing Limited. All rights reserved.
ISSN
0885-8624
DOI
10.1108/JBIM-09-2013-0205
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to investigate the impact of aspects of knowledge economy covered by the Knowledge Economy Index (KEI) and aspects of entrepreneurial activity covered by the Global Entrepreneurship Index (GEI) on quality of life (QOL) in a country. Design/methodology/approach – Data pertaining to KEI, GEI and QOL for different countries were gathered and analyzed through correlation and regression analyses. Findings – The results of the analysis yielded two key findings: First, KEI and GEI have a significant effect on QOL. Second, the Innovation Index (a component of KEI) and the total early stage entrepreneurship (a component of GEI) emerge as key factors that improve QOL. Originality/value – The value of this research lies in the fact that it unearths the two factors in KEI and GEI that actually impact QOL. By establishing and reinforcing the salience of innovative ability and entrepreneurial activity, this research helps long‐term planners of an economy to fine‐tune their focus.

Journal

Journal of Business & Industrial MarketingEmerald Publishing

Published: Jun 30, 2014

Keywords: Quality of life; Knowledge economy; Happiness; Global entrepreneurship index; Innovative ability; Long‐term planning

References

  • How is entrepreneurship good for economic growth?
    Acs, Z.J.
  • Health literacy and happiness: a community based study
    Angner, E.; Miller, M.; Ray, M.; Saag, K.; Allison, J.
  • The year 2000: Looking forward
    Bagozzi, R.P.; Nataraajan, R.
  • Income and happiness: towards a unified theory
    Easterlin, R.A.

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