Innovation, Competitiveness and Prosperity: A Factor Analysis of Innovation Indicators in Spain
- Antonio García-Sánchez
- David Siles
- María de Mar Vázquez-Méndez
ISSN: 2328-2185, 2328-2185
Año de publicación: 2018
Volumen: 6
Número: 5
Tipo: Artículo
Otras publicaciones en: Management Studies
Resumen
Competitiveness is a wide concept applied to many fields, especially in economics. The study of tourism competitiveness has been focused on different factors that can enhance the prosperity of a destination. One of these factors is innovation. Innovation makes destination's enterprises more advanced and efficient, therefore more productive. Innovation is an enhancer of competitiveness and a generator of prosperity because innovation in every aspect (technology, knowledge, organization, and processes) will provide a better quality of life for the inhabitants of the destination. The incidence of innovation on these concepts is validated by a structural equation model. We measure innovation by a range of indicators and through a factor analysis; we get the most relevant indicators of innovation for the model developed in Spain.