“A Comparative Perspective of National Innovation Systems in Europe”
Journal
International Review of Entrepreneurship, Vol.18 (2)
Date Issued
2020
Author(s)
DOI
http://www.senatehall.com/entrepreneurship?article=658
Abstract
This paper provides empirical evidence on the innovation performance in European
countries in the period 2012-2014 based on a micro level analysis. We provide a comparative
perspective among three different institutional settings in Europe: Central and Eastern European
countries (CEE), Southern European countries and Northern European countries. We estimate the
CDM model of simultaneous equations while using data from the Eurostat Community Innovation
Survey 2014 (CIS2014). This model directly links R&D engagement and intensity to innovation
outcomes measured either as process or as product innovation and then estimates the effectiveness
of the innovative efforts in terms of productivity gains. In general, during our observation period,
which fell in the aftermath of the 2008 financial crisis, the links between innovation inputs,
innovation outputs and productivity were found to be rather weak. Another remarkable finding from
our study is that, notwithstanding a higher participation in innovation by larger firms, among those
firms that innovate, innovation output is relatively higher for small firms (compared to large firms)
in Northern Europe. This relatively important role for small firms in innovation was not found for
the other two country groups.
countries in the period 2012-2014 based on a micro level analysis. We provide a comparative
perspective among three different institutional settings in Europe: Central and Eastern European
countries (CEE), Southern European countries and Northern European countries. We estimate the
CDM model of simultaneous equations while using data from the Eurostat Community Innovation
Survey 2014 (CIS2014). This model directly links R&D engagement and intensity to innovation
outcomes measured either as process or as product innovation and then estimates the effectiveness
of the innovative efforts in terms of productivity gains. In general, during our observation period,
which fell in the aftermath of the 2008 financial crisis, the links between innovation inputs,
innovation outputs and productivity were found to be rather weak. Another remarkable finding from
our study is that, notwithstanding a higher participation in innovation by larger firms, among those
firms that innovate, innovation output is relatively higher for small firms (compared to large firms)
in Northern Europe. This relatively important role for small firms in innovation was not found for
the other two country groups.
Subjects
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