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Innovation behaviour of firms in a small open economy: the case of the Czech manufacturing industry.
- Source :
- Empirica; Feb2016, Vol. 43 Issue 1, p111-139, 29p
- Publication Year :
- 2016
-
Abstract
- This paper describes the role of R&D and analyse its impact on productivity in the Czech economy in a CDM model. Four CIS waves (2001, 2003, 2006, and 2008) were used in the CDM model. The estimated low innovation input elasticity around 9 % describes the Czechs as poor innovators in the EU. This economy was a developing country until 2006 and we have observed a substantive FDI inflow since 1998. Multinationals have a higher sales share now and are an essential part of the economy. Multinationals engage less in innovation, but innovating MNEs spend more on R&D per employee and appropriate more from their innovated goods. The FDI inflow was a form of innovation wave. Innovation output is an important determinant for boosting productivity among SME's. Public support had positive effect on innovation intensity; however, no additional effect on innovation output. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03408744
- Volume :
- 43
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Empirica
- Publication Type :
- Academic Journal
- Accession number :
- 112695554
- Full Text :
- https://doi.org/10.1007/s10663-015-9296-0