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dc.contributor.authorMakrevska disoska, Elenaen_US
dc.contributor.authorTevdovski, Draganen_US
dc.contributor.authorToshevska trpchevska, Katerinaen_US
dc.contributor.authorStojkoski, Viktoren_US
dc.identifier.citationElena Makrevska Disoska, Dragan Tevdovski, Katerina Toshevska-Trpchevska & Viktor Stojkoski (2018) Evidence of innovation performance in the period of economic recovery in Europe, Innovation: The European Journal of Social Science Research, DOI: 10.1080/13511610.2018.1524288en_US
dc.description.abstractThis paper provides empirical evidence on the innovation performance in the European countries in the years of recovery from the global economic and financial crisis by using the CDM model of simultaneous equations. The 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 leading to productivity gains. The difference between the drivers of innovation systems and its influence over the productivity growth is analyzed between two different institutional settings in Europe. For that purpose a company-level dataset is used from the 2012 round of the Comunity Innovation Survey. Тhe results indicated that the recent financial crisis had negative influence on the companies’ willingness to innovate. The effect of the crisis led to further divergence in the innovation systems of these two institutional settings. Identifying the characteristics of the innovation systems and drivers of innovation during the turmoil shows that policy instruments on EU level should be oriented towards creation of competitive business environment, encouragement to adopt the best management techniques and organizational structures and improvement of well-functioning capital, product and labor markets.en_US
dc.publisherTaylor and Francis Groupen_US
dc.relation.ispartofInnovation: The European Journal of Social Science Researchen_US
dc.subjectCDM modelen_US
dc.subjectEuropean countriesen_US
dc.subjecteconomic recoveryen_US
dc.titleEvidence of innovation performance in the period of economic recovery in Europeen_US
dc.typeJournal Articleen_US
item.fulltextNo Fulltext-
item.grantfulltextnone- of Economics- of Economics- of Economics-
Appears in Collections:Faculty of Economics 03: Journal Articles / Статии во научни списанија
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