“…Thus, Schumpeter's original theory has been the basis of subsequent empirical economic literature, which has drawn on the concept of innovation as a driver of economic growth. An extensive body of empirical evidence currently exists across countries pertaining to innovation (Lichtenberg, 1993;Coe and Helpman, 1995;Engelbrecht, 1997;Guellec and de la Potterie, 2001), and is now an issue companies must confront if they desire to develop and maintain a competitive advantage and/or gain entry into new markets (Brown and Eisenhardt, 1995;OEDC, 1997;Webb, 2007). It is also indicative of one of the key factors that impact countries' international competitiveness, productivity, output, and employment performance (Asheim and Isaksen, 1997).…”