Theoretical and Applied Economics
No. 3 / 2019 (620), Autumn
Innovation as imperative for increasing productivity and economic growth: The case of the selected EU member countries and non-EU member countries
University of East Sarajevo, Bosnia and Herzegovina
Abstract. In the changeable environment of increasingly powerful and multiplex competition, it becomes one of the key preconditions for an appropriate reaction to worldwide challenges. The productivity and economic growth have to be recognized as a multi-dimensional mechanism containing various interlinked components accomplished through investments in innovation. The purpose of this paper is to explore the link between the components of innovation, productivity and economic growth in selected EU- member countries and non-EU member countries. The research results have shown that the productivity and economic growth in selected countries are significantly linked with their innovation rank. The innovation capability indicators measured by the innovation indices can be beneficial in comparative analysis between countries, and provide valuable information for countries to identify their own strengths and weaknesses, compare themselves with similar countries, and create consensus about fields of future actions.
Contents
The main factors of economic growth in the European Union
Currency risk management model
Assessing the performance of Pillar II in Romania – time weighted versus money weighted rate of return
Does democracy increase total tax revenues? The case of selected OECD countries
An evaluation of the turnover tax system in South Africa
Sensitivity of bankruptcy prediction models to the change in econometric methods
Risk management associated with the interbank relationships
Challenging the status quo: Steel producer case study on the enterprise value for M&A
Innovation as imperative for increasing productivity and economic growth: The case of the selected EU member countries and non-EU member countries
International Financial Markets face to face with Artificial Intelligence and Digital Era
Determinants of domestic saving rate in Turkey: A new generation econometric analysis
A behavioral model of failure in business
The effect of oil prices on foreign trade deficit in the economics of Bulgaria
Relationship between mortality and financial crisis. The case of Greece
Profit management in the case of financial distress and global volatile market behaviour: Evidence from Borsa Istanbul Stock Exchange
Insurance consumption in the Maghreb countries (Algeria, Morocco and Tunisia): Financial and institutional determinants
Non-linear finance-growth nexus for African countries: A panel smooth transition regression approach