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Evaluation of Innovations in Enterprises on the Example of Bulgaria

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  • Rossitsa Chobanova

Abstract

The article is devoted to the problem of the evaluation of innovations in enterprises in Bulgaria and its comparability with that of other European countries. In this connection, the conceptual-categorical apparatus, the used databases and the methodology of their collection and interpretation are discussed. Quantitative analyzes and assessments were carried out in compliance with the requirements of the methodological guidelines of the OECD and Eurostat of the "Frascati" family. Difficulties have been identified in more precisely comparing the evaluations of innovations in Bulgarian enterprises with those in other countries of the European Union, and the reasons for these difficulties have been established. Innovations in Bulgarian enterprises are characterized by different signs. For this purpose, a structural analysis and an analysis of the context were carried out. The obtained results give reason to determine important gaps in the formation of the national innovation policy. Among them is the failure to take into account globalization in the formation of a national environment for the market functioning of the economy, which is expressed in decreasing external and internal demand for new products produced in the country, imbalances in the financing of R&D, etc., which lead to a decrease in innovations in the Bulgarian enterprises. Finally, conclusions and recommendations are defined from the point of view of the formation of an innovation policy adequate to the new realities.

Suggested Citation

  • Rossitsa Chobanova, 2023. "Evaluation of Innovations in Enterprises on the Example of Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 455-482.
  • Handle: RePEc:bas:econth:y:2023:i:5:p:455-482
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    References listed on IDEAS

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    1. World Bank, 2012. "Going for Smart Growth : Making Research and Innovation Work for Bulgaria," World Bank Publications - Reports 12896, The World Bank Group.
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    More about this item

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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