Theoretical and Applied Economics
No. 4 / 2020 (625), Winter
Is there a relationship between economic welfare and innovation performance? Evidence from selected European countries
University of East Sarajevo, Bosnia and Herzegovina
Abstract. Investigating economic welfare and innovation performance have been the main themes of dominant researchers in the area of economics. Despite the fact the imperfection of Gross Domestic Product to evaluate welfare is generally acknowledged in economic theory, it is still applicated as one of the crucial indicators for creation of economic policy directions. Interest related to the constraints of GDP have increased to the several attempts in the past decennium to create aggregate economic welfare indicators as substitutes or augmentations to the GDP. A number of challenging indicators have been created, although GDP remaines to be applicated as the traditional indicator of economic welfare. The outstanding of these prominent economic welfare indicators are: the Genuine Progress Indicator, the Index of Sustainable Economic Welfare, the Human Development Index and the Better Life Indicator. This paper's main goal is to determine relationship between the prominent indicators of economic welfare and innovation performance in selected European countries. In order to examine the intercorrelations between economic welfare indicators and innovation performance several methodologies have been applicated. Research was conducted via statistical software package SPSS 25. The research results have indicated that the relationship between indicators of economic welfare in selected European countries are significantly associated with their innovation performance.
Contents
The European Union in the face of the prospect of achieving major objectives in the conditions of the pandemic and economic-financial crisis
What determines the portfolio investment flows to Central and Eastern European Countries in the European Union 2001-2017?
Analysis of the correlation between taxation indicators and economic growth at the macroeconomic level in European Union and Romania
Measuring Adobe Company performance from the perspective of a Complex Adaptive System
Welfare enhancing uncertainty
Business process modeling. Using Unified Modeling Language to streamline the design of the TO-BE system within a company
Static and dynamic analysis of intra-industry trade of BRICS countries
Fossil fuel consumption, economic growth and CO2 emissions. Causality evinced from the BRICS world
Methods used in risk financing
Is there a relationship between economic welfare and innovation performance? Evidence from selected European countries
Analyzing Romania GDP: Final consumption, gross investment, and net exports influence compared to previously published models
Analysis of the natural movement of the population under the spectrum of the health crisis
On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis
Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia
India and trade blocs: A gravity model analysis
Predicting the volatility in stock return of emerging economy: An empirical approach
Portfolio optimization with VaR approach: A comparative analysis for Japan, London, New York and India
Income-dependent impacts of financial development and human capital on economic growth. A non-stationary panel analysis
Monetary policy and exchange rate pass-through in India
Impact of medium of instruction in education on economic growth and development
Institutions and economic growth: A comparative analysis of developing and developed countries based on institutionalized social technologies index
Exports, imports and economic growth in India: An empirical analysis
BEPS – A challenge for the increasing budget revenues in the process of digitalization
Implementation of public policies. The compatibility of the model of public policy with the target space of the policy
Fiscal sustainability in Romania