DIFFERENT DRIVERS OF INNOVATION ACTIVITIES IN EUROPEAN COUNTRIES: A COMPARATIVE STUDY OF CZECH, SLOVAK, AND HUNGARIAN MANUFACTURING FIRMS

• Authors: Prokop Viktor , Stejskal Jan , Kuvíková Helena
• Languages of publication: EN

Abstracts

EN

In the era of knowledge economy, innovations are gaining increasing importance and becoming crucial for firms (countries) to gain their competitive advantage. However, most of countries are not able to exploit the innovation potential and failing during innovation and supporting processes. In this study, we use own multiple linear regression models and data from Community Innovation Survey to compare three European countries – Czech Republic, Slovakia and Hungary, which declined in the international rankings of competitiveness and innovative activities in recent years. The results confirm our claim that there is a need to find proper drivers´ that will allow creation of synergies and spill over effects. We empirically prove that proper targeting of innovation drivers significantly influences the growth of firms´ turnover from innovated products that may lead to increasing of firms´ (national) competitiveness.

Keywords

EN

INNOVATION; COOPERATION; PUBLIC FUNDING; MANUFACTURING INDUSTRY; CZECH REPUBLIC; SLOVAKIA; HUNGARY

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2017
• Volume: 65
• Issue: 1
• Pages: 31 – 45

Contributors

author

Prokop Viktor

• University of Pardubice, Faculty of Economics and Administration, Institute of Economic Sciences, Studentská 95, 532 10 Pardubice 2, Czech Republic

author

Stejskal Jan

author

Kuvíková Helena