Philippines’ fluidity of innovation from 2001 to 2021: Interpretations and implications

College

Ramon V. Del Rosario College of Business

Department/Unit

Decision Sciences and Innovation Dept

Document Type

Article

Source Title

International Journal of Multidisciplinary: Applied Business and Education Research

Volume

5

Issue

1

First Page

170

Last Page

182

Publication Date

1-2024

Abstract

While innovation is generally accepted as one of the drivers of economic growth, most innovation metrics are qualitative and have a relatively lesser impact on policymaking than their quantitative counterparts. With this challenge, this paper presents another quantitative metric: the Flu- idity of Innovation applied in the Philippines from 2001 to 2021. The study analyses data from public government reports and reputable pri- vate entities using the contextualized Reynolds Number from fluid me- chanics. The findings reveal a significant transformation in the Philip- pines' innovation, moving from a laminar (smooth and predictable) to a turbulent (rapid and complex) phase; this indicates the country has a growing capacity to cater to rapid development in technology such as Ar- tificial Intelligence and Quantum Computers. Since the Philippines is leaning towards a turbulent flow of innovation, some technology will be felt as Radical Innovation instead of Disruptive Innovation across the in- dustries that allow the labor force to experience empowerment rather than a complete layoff. This research contributes to the broader under- standing of innovation's role in the Philippine economy and fiscal poli- cies, particularly those for innovation and technology.

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Disciplines

Technology and Innovation

Keywords

Technological innovations--Philippines; Macroeconomics

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