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The Field Of Activity And Innovation – An Empirical Analysis In East European Countries

Author

Listed:
  • Ioana MEȘTER

    (Department of Economics and Business, Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

  • Darie GAVRILUȚ

    (Department of Economics and Business, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

Abstract

The current business environment is characterized by high competition between companies as well as global challenges and growing technological progress. Businesses must constantly adapt to changes in the business environment, changes in the market environment and the constantly changing requirements of customers. The purpose of this article is to point out the major gaps across eight former communist East-European countries in what regards the innovation: Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia. In order to compare the trends in hat regards innovation in Eastern European countries we have first collected data for four innovation indicators for each East European country, separately for each field of activity. We have computed variation coefficients that revealed the fields of activity with the highest and/or lowest gaps across selected countries. Our conclusion is that Eastern Europe is increasingly becoming a hotspot for innovation, with countries in the region making significant progress in various aspects of innovation-driven development. By leveraging their strengths, addressing challenges, and capitalizing on opportunities, Eastern European countries can further enhance their innovation performance, competitiveness, and sustainable growth in the global innovation landscape.

Suggested Citation

  • Ioana MEȘTER & Darie GAVRILUȚ, 2024. "The Field Of Activity And Innovation – An Empirical Analysis In East European Countries," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 33(1), pages 112-121, July.
    • Handle: RePEc:ora:journl:v:33:y:2024:i:1:p:112-121
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    References listed on IDEAS

    as
    1. Hashi, Iraj & Stojčić, Nebojša, 2013. "The impact of innovation activities on firm performance using a multi-stage model: Evidence from the Community Innovation Survey 4," Research Policy, Elsevier, vol. 42(2), pages 353-366.
    2. Dietmar Harhoff, 2000. "R&D Spillovers, Technological Proximity, And Productivity Growth – Evidence From German Panel Data," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 52(3), pages 238-260, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation; field of activity; OSLO manual; product innovation; Eastern Europe;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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