IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2015i2p151-167.html
   My bibliography  Save this article

The Impact of Innovation on the National and Regional Competitiveness within the European Union

Author

Listed:
  • Alina Elena Iosif

    (Academy of Economic Studies)

Abstract

Many studies have revealed the positive relationship between economic growth, and implicitly competitiveness, and innovation. The aim of the current paper is to test the impact of several indicators of innovation on the most relevant competitiveness indexes. These indexes are developed by the World Economic Forum, the Institute for Management Development or under the coordination of the European Union and their purpose is to quantify competitiveness. The current research is looking to the national and regional level within the European Union. In order to test the connection between competitiveness and innovation econometrical analyzes were carried out. Overall, the results indicated that indicators of innovation related to „human resources?, „intellectual assets?, and „finance and support? have a positive impact on competitiveness. The differences and similarities between the impact of innovation on the national and regional competitiveness are pointed out. Knowing these particularities, the policy makers may formulate adequate national and regional policies to stimulate innovation. Several policy recommendations focused on the validated variables of innovation were formulated. The current paper brings an added value to the literature by revealing the positive connections developed between the most relevant indexes of competitiveness and indicators of innovation.

Suggested Citation

  • Alina Elena Iosif, 2015. "The Impact of Innovation on the National and Regional Competitiveness within the European Union," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(2), pages 151-167, April.
    • Handle: RePEc:dug:actaec:y:2015:i:2:p:151-167
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2741/2392
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Wim Naude & Adam Szirmai & Micheline Goedhuys, 2011. "Innovation and Entrepreneurship in Developing Countries," Working Papers id:4460, eSocialSciences.
    3. Wim Naude & Adam Szirmai & Micheline Goedhuys, 2011. "Innovation and Entrepreneurship in Developing Countries," Working Papers id:4460, eSocialSciences.
    4. Independent Evaluation Group, 2013. "World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation," World Bank Publications - Books, The World Bank Group, number 16665, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Frida Thomas Pacho, 2018. "Diversified Network Effects on Innovation Performance in Tanzania: Innovation Strategy in Service Firms," Journal of Entrepreneurship and Business Innovation, Macrothink Institute, Journal of Entrepreneurship and Business Innovation, vol. 5(1), pages 1-1, December.
    2. Paschal B. Nade, 2022. "Crafting Innovativeness for Graduate Entrepreneurship Development in East Africa: Are Graduates Innovators or Imitators?," Management & Economics Research Journal, Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa, vol. 4(2), pages 45-62, September.
    3. Gries Thomas & Naude Wim, 2011. "Entrepreneurship, Structural Change and a Global Economic Crisis," Entrepreneurship Research Journal, De Gruyter, vol. 1(3), pages 1-43, July.
    4. Tolulope Kehinde, Kayode-Adedeji & Agwu, Dr. Edwin M., 2015. "Application of ICT to Agriculture as a Panacea to Unemployment in Nigeria," MPRA Paper 61394, University Library of Munich, Germany.
    5. Wai Wai Ko & Gordon Liu, 2017. "Environmental Strategy and Competitive Advantage: The Role of Small‐ and Medium‐Sized enterprises' Dynamic Capabilities," Business Strategy and the Environment, Wiley Blackwell, vol. 26(5), pages 584-596, July.
    6. Wang Xuhui & Jia Liu & Frida Pacho, 2018. "Societal, Culture and Entrepreneurial Opportunities Exploitation of New Venture Activities: Mediating Role of Proactiveness," International Journal of Regional Development, Macrothink Institute, vol. 5(2), pages 1-41, December.
    7. Luong Vinh Quoc Duy & Damien Cassells, 2022. "Agglomeration and innovation effort: A longitudinal study on small and medium manufacturing enterprises in Vietnam," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1252-1268, August.
    8. Rao, B. Bhaskara, 2010. "Estimates of the steady state growth rates for selected Asian countries with an extended Solow model," Economic Modelling, Elsevier, vol. 27(1), pages 46-53, January.
    9. Beatrix Paal & Bruce D. Smith, 2013. "The sub-optimality of the Friedman rule and the optimum quantity of money," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 911-948, November.
    10. Jung-Suk Yu & M. Kabir Hassan & Abdullah Mamun & Abul Hassan, 2014. "Financial Sectors Reform and Economic Growth in Morocco: An Empirical Analysis," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 13(1), pages 69-102, April.
    11. Prof. Dr. Adem KALCA & Resc. Assist. Atakan DURMAZ, 2012. "Diaspora As The Instrument Of Humane Capital," International Journal of Business and Social Research, LAR Center Press, vol. 2(5), pages 94-104, October.
    12. repec:zbw:rwidps:0030 is not listed on IDEAS
    13. Raouf Boucekkine & Fernando Del Río & Omar Licandro, 2003. "Embodied Technological Change, Learning‐by‐doing and the Productivity Slowdown," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(1), pages 87-98, March.
    14. Abida Hafeez & Karim Bux Shah Syed & Fiza Qureshi, 2019. "Exploring the Relationship between Government R & D Expenditures and Economic Growth in a Global Perspective: A PMG Estimation Approach," International Business Research, Canadian Center of Science and Education, vol. 12(4), pages 163-174, April.
    15. repec:ilo:ilowps:366690 is not listed on IDEAS
    16. Heijs, Joost, 2003. "Freerider behaviour and the public finance of R&D activities in enterprises: the case of the Spanish low interest credits for R&D," Research Policy, Elsevier, vol. 32(3), pages 445-461, March.
    17. Boucekkine, Raouf & del Rio, Fernando & Licandro, Omar, 2005. "Obsolescence and modernization in the growth process," Journal of Development Economics, Elsevier, vol. 77(1), pages 153-171, June.
    18. Kawalec Paweł, 2020. "The dynamics of theories of economic growth: An impact of Unified Growth Theory," Economics and Business Review, Sciendo, vol. 6(2), pages 19-44, June.
    19. Kar, Sabyasachi & Pritchett, Lant & Raihan, Selim & Sen, Kunal, 2013. "Looking for a break: Identifying transitions in growth regimes," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 151-166.
    20. Iamsiraroj, Sasi, 2016. "The foreign direct investment–economic growth nexus," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 116-133.
    21. George Asumadu & Emmanuel Amo-Bediako, 2021. "Stock Market Performance and Economic Growth Nexus: A Panacea or Pain to Ghana?," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(4), pages 423-429, April.
    22. Antoine d'Autume, 1992. "Coïntégration et modèles dynamiques," Économie et Prévision, Programme National Persée, vol. 106(5), pages 71-83.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2015:i:2:p:151-167. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.