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Modern Management Review (dawna nazwa: Zarządzanie i Marketing)

Modern Management Review
(dawna nazwa: Zarządzanie i Marketing)
25 (2/2018), DOI: 10.7862/rz.2018.mmr.18

Dilemmas of the creation of innovation policy in member states

Mirosław Sołtysiak, Dariusz Wyrwa
Submitted by: Paweł Perz

DOI: 10.7862/rz.2018.mmr.18

Abstract

Directions of changes occurring in the world economy in recent years show the transformation of the industrial economy into a knowledge-based economy, using the technological and innovative potential. This transformation has highlighted the competitive advantages of countries and regions specializing in the production of hightech products. A lot of research has been trying to find out what the drivers of innovation really are, though there has not formed one consensus. The aim of the paper is to investigate influence of research and development (R&D) expenditure on economic growth in EU member states and to assess whether there is a significant relationship between countries’ R&D efforts and their innovation and between innovation and per capita income, as postulated by R&D based endogenous growth models. Basic source of data is Eurostat database and European Innovation Scoreboard reports. Results confirm positive and statistically significant impact of government R&D expenditure, which is the main driver for economic growth during the analysed period. Highly developed countries are conducting research to seek new sources of innovativeness and methods for creating innovative potential. The results also suggest that the EU countries that do not have effective R&D sectors seem to promote their innovation through technology spillovers from other countries.

Full text (pdf)

References

Directions of changes occurring in the world economy in recent years show the transformation of the industrial economy into a knowledge-based economy, using the technological and innovative potential. This transformation has highlighted the competitive advantages of countries and regions specializing in the production of hightech products. A lot of research has been trying to find out what the drivers of innovation really are, though there has not formed one consensus. The aim of the paper is to investigate influence of research and development (R&D) expenditure on economic growth in EU member states and to assess whether there is a significant relationship between countries’ R&D efforts and their innovation and between innovation and per capita income, as postulated by R&D based endogenous growth models. Basic source of data is Eurostat database and European Innovation Scoreboard reports. Results confirm positive and statistically significant impact of government R&D expenditure, which is the main driver for economic growth during the analysed period. Highly developed countries are conducting research to seek new sources of innovativeness and methods for creating innovative potential. The results also suggest that the EU countries that do not have effective R&D sectors seem to promote their innovation through technology spillovers from other countries.

Citation

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About this Article

TITLE:
Dilemmas of the creation of innovation policy in member states

AUTHORS:
Mirosław Sołtysiak (1)
Dariusz Wyrwa (2)

AUTHORS AFFILIATIONS:
(1) PhD, Rzeszow University of technolog,, The Faculty of Management
(2) PhD, Rzeszow University of technolog,, The Faculty of Management

SUBMITTED BY:
Paweł Perz

JOURNAL:
Modern Management Review
25 (2/2018)

KEY WORDS AND PHRASES:
innovation, innovation policy, economic growth.

FULL TEXT:
http://doi.prz.edu.pl/pl/pdf/zim/337

DOI:
10.7862/rz.2018.mmr.18

URL:
http://dx.doi.org/10.7862/rz.2018.mmr.18

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