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Fostering Innovation through Creativity Stimulation Methods in Croatia

Author

Listed:
  • Valerija Botrić

    (The Institute of Economics, Zagreb, Trg J.F. Kennedy 7, 10000 Zagreb, Croatia)

  • Ljiljana Božić

    (The Institute of Economics, Zagreb, Trg J.F. Kennedy 7, 10000 Zagreb, Croatia)

Abstract

Purpose – The key question addressed in the paper is whether creativity fostering methods increase innovation output in Croatian firms. Design/methodology/approach – By utilizing the Community Innovation Survey 2010 data and propensity score matching methods, we estimate the average treatment effect of the treated (i.e. firms that employ creativity stimulation methods). Within this framework, our measured outcome is the innovation activity of the firm and the treatment is the creativity stimulation method used by the firm. Findings – The results confirm that the creativity enhancing methods have a positive impact on innovation activity in Croatian enterprises. The empirical analysis of average treatment effect of the treated reveals that the most effective measure seems to be training, followed closely by multidisciplinary working teams. Non-financial creativity enhancing methods seem to be least effective. Research limitations/implications – The results follow some stylized facts related to Croatian enterprises. However, since this paper provides first attempt of the analysis of these issues, future research efforts are required to substantiate our findings. Originality/value – The analysis of effectiveness of creativity fostering methods for innovation activity has proved that the innovation activity can be enhanced by employing each of the method analysed in the paper.

Suggested Citation

  • Valerija Botrić & Ljiljana Božić, 2015. "Fostering Innovation through Creativity Stimulation Methods in Croatia," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 8(1), pages 7-24, August.
    • Handle: RePEc:tei:journl:v:8:y:2015:i:1:p:7-24
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    References listed on IDEAS

    as
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    3. Marco Caliendo & Sabine Kopeinig, 2008. "Some Practical Guidance For The Implementation Of Propensity Score Matching," Journal of Economic Surveys, Wiley Blackwell, vol. 22(1), pages 31-72, February.
    4. Florian Ederer & Gustavo Manso, 2013. "Is Pay for Performance Detrimental to Innovation?," Management Science, INFORMS, vol. 59(7), pages 1496-1513, July.
    5. James J. Heckman & Hidehiko Ichimura & Petra E. Todd, 1997. "Matching As An Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(4), pages 605-654.
    6. Ardiana N. Gashi & Nick Adnett, 2012. "Technology, Training, and Transition," Eastern European Economics, Taylor & Francis Journals, vol. 50(6), pages 57-80, November.
    7. Iraklis Goniadis & Yannis Goniadis, 2010. "Patent as a motivation of starting a new entrepreneurial activity of high potential," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 3(1), pages 97-108, July.
    8. Zafar Nazarov & Alisher Akhmedjonov, 2012. "Education, On-the-Job Training, and Innovation in Transition Economies," Eastern European Economics, Taylor & Francis Journals, vol. 50(6), pages 28-56, November.
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    Cited by:

    1. Antonios D. Livieratos & Vasilis Siemos, 2021. "Optimizing University Acceleration Programs. The Case of NKUA’s Multistage Model," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 14(2), pages 68-77, September.

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    More about this item

    Keywords

    creativity; innovation; Croatia;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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