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Innovation As A Generator Of National Competitiveness In The European Union

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  • Alina Elena IOSIF

Abstract

Innovation is perceived as one of the most relevant factors that influences competitiveness. National competitiveness is often associated to economic growth and is usually linked to productivity. The current research is focused on the connection between innovation and competitiveness and its intensity is tested through econometric analyses. The goal of the paper is to assess the impact of the innovation’s determinants on the national competitiveness of the 28 Member States of the European Union. Consequently, the dimensions of the Innovation Union Scoreboard, and their corresponding indicators are tested in relation to the Global Competitiveness Index (GCI). “Human resources and “intellectual assets determinants are validated as having a positive impact on GCI. In terms of indicators, the population aged 30-34 having completed tertiary education, the patent applications and the community trademarks are the determinants with positive impact on national competitiveness in EU. The paper ends with several recommendations for the stakeholders to increase national competitiveness in EU by various ways of stimulating the validated determinants of innovation.

Suggested Citation

  • Alina Elena IOSIF, 2014. "Innovation As A Generator Of National Competitiveness In The European Union," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 670-679, November.
    • Handle: RePEc:rom:mancon:v:8:y:2014:i:1:p:670-679
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    1. VIEIRA, Elvira & VAZQUEZ-ROZAS, Emilia & NEIRA, Isabel, 2008. "The Innovation Factor: An Econometric Model of Productivity European Regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 8(1), pages 59-70.
    2. Castellacci, Fulvio, 2008. "Innovation and the competitiveness of industries: comparing the mainstream and the evolutionary approaches," MPRA Paper 27523, University Library of Munich, Germany.
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