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Macroeconomic Features Of The Innovation Process In The Bulgarian Economy

Author

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  • Evgeni Filipov

    (Varna University of Economics)

Abstract

The article examines the aggregate results of the innovation activity in the economy of Bulgaria. Innovation has become the cornerstone of modern economy, reflecting the increasing importance of technology in the production function, and playing an important role in developing competitive advantages of the national economy. In this article, the aggregate innovation performance of the Bulgarian economy is evaluated, based on expert international reports and analyses. To determine some of the causes for the unsatisfactory performance, a structural analysis of the expenditure on research and development activities aims to determine certain specifics of the Bulgarian model.

Suggested Citation

  • Evgeni Filipov, 2016. "Macroeconomic Features Of The Innovation Process In The Bulgarian Economy," Business & Management Compass, University of Economics Varna, issue 2, pages 140-153.
    • Handle: RePEc:vrn:journl:y:2016:i:2:p:140-153
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    More about this item

    Keywords

    Innovation; Technological change; R&D expenditure;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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