What is the role of innovation in productivity growth in Central and Eastern European countries?
Journal
Economics of Transition
Date Issued
2017
Author(s)
DOI
10.1111/ecot.1212
Abstract
The paper uses company level data from the Eurostat’s Community Innovation Survey
2008 and applies CDM model in order to estimate the links between R&D engagement,
R&D intensity, innovation output and productivity in selected Central and
Eastern European Countries – Bulgaria and Romania, and compares their performance
with Germany. The results showed that different processes drive company's
decision to engage in R&D in Bulgaria and Romania in comparison to Germany; R&D
intensity is an important factor of product innovation in the observed CEE countries
and product innovation leads to higher productivity in Bulgaria and Romania, while
process innovation leads to higher productivity in Bulgaria, but not in Romania.
2008 and applies CDM model in order to estimate the links between R&D engagement,
R&D intensity, innovation output and productivity in selected Central and
Eastern European Countries – Bulgaria and Romania, and compares their performance
with Germany. The results showed that different processes drive company's
decision to engage in R&D in Bulgaria and Romania in comparison to Germany; R&D
intensity is an important factor of product innovation in the observed CEE countries
and product innovation leads to higher productivity in Bulgaria and Romania, while
process innovation leads to higher productivity in Bulgaria, but not in Romania.