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ICT as a Supporting Factor for Innovation Activities

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015

Author

Listed:
  • Zoroja, Jovana

Abstract

Development and usage of information and communication technology (ICT) is continuously growing in the last 30 years. The main reason is that ICT has a great potential to improve the efficiency of business processes, to increase the competitiveness, but also to facilitate and drive innovations. Innovation has become a crucial factor for the economic development and ICT offer great opportunities in supporting innovation activities. The goal of the paper is to identify the influence of the usage of the ICT on the innovation activities in European countries. Data for the period of five years (2007-2011) were collected from the European statistical database – Eurostat and Global Competitiveness Report. In order to investigate the ICT impact on the Innovation and sophistication factor subindex of the European countries, we conducted a panel regression analysis. Research results showed that ICT support innovation activities. However, the ICT has the highest impact on the 11th pillar: Business sophistication of the Global Competitiveness Index.

Suggested Citation

  • Zoroja, Jovana, 2015. "ICT as a Supporting Factor for Innovation Activities," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2015), Kotor, Montengero, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015, pages 3-10, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr15:183625
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    References listed on IDEAS

    as
    1. Gilles Grolleau & Naoufel Mzoughi & Sanja Pekovic, 2013. "Is there a relationship between workplace atmosphere and innovation activities? An empirical analysis among French firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 22(6), pages 566-580, September.
    2. Landon Kleis & Paul Chwelos & Ronald V. Ramirez & Iain Cockburn, 2012. "Information Technology and Intangible Output: The Impact of IT Investment on Innovation Productivity," Information Systems Research, INFORMS, vol. 23(1), pages 42-59, March.
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    More about this item

    Keywords

    Information and Communication Technology; Innovation; European Countries; Regression Analysis;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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