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Managing innovation systems in transition economies

Author

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  • Tomislav Baković

    (Faculty of Economics and Business, University of Zagreb)

Abstract

Successfully managing innovations has become the basic precondition for the development of both companies and national economies. At the national level governments are forming innovation systems whose primary goal is to create conditions at which science and technology can flourish and then transfer their findings trough private sector into new revolutionary products and services. Unfortunately not all countries have the same preconditions for creating such systems and transition economies due to many of their characteristics face serious difficulties. The aim of this paper is to first describe the role of innovations and innovation systems in economic development and then describe many problems transition countries face regarding this issue. After describing the main problems some of the measures that could be used to improve the current innovation output in transition economies are presented.

Suggested Citation

  • Tomislav Baković, 2010. "Managing innovation systems in transition economies," EFZG Working Papers Series 1001, Faculty of Economics and Business, University of Zagreb.
    • Handle: RePEc:zag:wpaper:1001
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    File URL: http://web.efzg.hr/repec/pdf/Clanak%2010-01.pdf
    File Function: First version, 2010
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    Cited by:

    1. Ramadani, Veland & Hisrich, Robert D. & Abazi-Alili, Hyrije & Dana, Léo-Paul & Panthi, Laxman & Abazi-Bexheti, Lejla, 2019. "Product innovation and firm performance in transition economies: A multi-stage estimation approach," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 271-280.

    More about this item

    Keywords

    national innovation system; economic development; transition economies;
    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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