SPATIAL INNOVATIONS DEVELOPMENT TO ENHANCE THE COMMUNITY'S FOUNDATION ECONOMY FOR CREATING ADDED VALUE OF PRODUCTS

Abstract

Recently, spatial innovation is the necessary element that enhances value-added products and leads towards strengthening the community foundation economy. Hence, the current article investigates the impact of spatial innovation and cultural capital on the strong community foundation economy in Udon Thani Province, Thailand. The current research also investigates the mediating impact of value-added products among the linkage of spatial innovation, cultural capital and strengthen community foundation economy. The current study has applied the questionnaires to collect the data from selected respondents. The present article has also applied the smart-PLS to check the validity and association among variables. The results revealed that spatial innovation and cultural capital have positive and significant linkage with strengthen community foundation economy. The results also indicated that value-added products significantly mediate among the linkage of spatial innovation cultural capital and strengthen community foundation economy. The article has guided the policymakers while developing regulators regarding strengthen community foundation economy using spatial innovation and cultural capital.