Institutional Arrangements and Comprehensive Development: The Role of Institutional Innovations in Achieving Sustainable Development and Technology Development

The significant role of institutional conditions created by government and institutions involvement in the process of achieving sustainable development has attracted attention of policy makers to institutional innovation as one of the fundamental concepts in development strategies. On the other hand, achieving sustainable development requires access to technology and making appropriate policies for technology and innovation. This study seeks to denote the relationship between institutional innovation, technology development and the achievement of sustainable development using a partial least squares (PLS) model.
The proposed model applying a questionnaire distributed among science and technology experts was estimated. The results show that institutional innovations as soft technologies will play great roles in achieving sustainable development and technology development. In addition, among technology innovations, strategizing and policy-making with a coefficient of 0.92 is of greatest importance in attaining sustainable development. As well, among technology development evidences, patent and copyright, technology management and technology environment with coefficients of 0.904, 0.89 and .0898 respectively have the highest significance in achieving sustainable development.