Innovation And Economic Growth: The Case Of Slovakia
The role of innovation in the economic growth is becoming a crucial aspect of the future economic development. Building of the innovative-driven economy requires establishment of supportive macroeconomic environment. It involves interplay among three main factors of innovation: education system, ent...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2015-03-01
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| Series: | Visegrad Journal on Bioeconomy and Sustainable Development |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/vjbsd-2015-0002 |
| _version_ | 1818755952484024320 |
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| author | Braha Kushtrim Qineti Artan Serenčéš Roman |
| author_facet | Braha Kushtrim Qineti Artan Serenčéš Roman |
| author_sort | Braha Kushtrim |
| collection | DOAJ |
| description | The role of innovation in the economic growth is becoming a crucial aspect of the future economic development. Building of the innovative-driven economy requires establishment of supportive macroeconomic environment. It involves interplay among three main factors of innovation: education system, entrepreneurship and governmental institutions. Establishment of the integrated national innovation system is a key priority that assures sustainable economic growth. Slovakia is mobilizing its resources in order to shift its economic growth from efficiency-driven to innovation-driven economic growth. The inflow of the foreign investments and attractive entrepreneurial environment are identified as the main resources of economic growth during the observed period. Additional input in accelerating economic growth brought the accession of the country into the EU. On the other hand, R & D activities remain weakly supported by the public and private funding. As the result, productivity of the Slovak innovators remains low as well. Over the last decade, only 70 patents annually were granted to the Slovak innovators. Despite the significant improvement of the innovative environment, there is a low share of enterprises applying innovation in their business activities. |
| first_indexed | 2024-12-18T05:47:19Z |
| format | Article |
| id | doaj.art-4d0e79061e194649b08bd4c6e64d717e |
| institution | Directory Open Access Journal |
| issn | 1339-3367 |
| language | English |
| last_indexed | 2024-12-18T05:47:19Z |
| publishDate | 2015-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Visegrad Journal on Bioeconomy and Sustainable Development |
| spelling | doaj.art-4d0e79061e194649b08bd4c6e64d717e2022-12-21T21:19:01ZengSciendoVisegrad Journal on Bioeconomy and Sustainable Development1339-33672015-03-014171310.1515/vjbsd-2015-0002Innovation And Economic Growth: The Case Of SlovakiaBraha Kushtrim0Qineti Artan1Serenčéš Roman2 Slovak University of Agriculture in Nitra, Slovakia Slovak University of Agriculture in Nitra, Slovakia Slovak University of Agriculture in Nitra, SlovakiaThe role of innovation in the economic growth is becoming a crucial aspect of the future economic development. Building of the innovative-driven economy requires establishment of supportive macroeconomic environment. It involves interplay among three main factors of innovation: education system, entrepreneurship and governmental institutions. Establishment of the integrated national innovation system is a key priority that assures sustainable economic growth. Slovakia is mobilizing its resources in order to shift its economic growth from efficiency-driven to innovation-driven economic growth. The inflow of the foreign investments and attractive entrepreneurial environment are identified as the main resources of economic growth during the observed period. Additional input in accelerating economic growth brought the accession of the country into the EU. On the other hand, R & D activities remain weakly supported by the public and private funding. As the result, productivity of the Slovak innovators remains low as well. Over the last decade, only 70 patents annually were granted to the Slovak innovators. Despite the significant improvement of the innovative environment, there is a low share of enterprises applying innovation in their business activities.https://doi.org/10.1515/vjbsd-2015-0002innovationeconomic growthfdirdentrepreneurship |
| spellingShingle | Braha Kushtrim Qineti Artan Serenčéš Roman Innovation And Economic Growth: The Case Of Slovakia Visegrad Journal on Bioeconomy and Sustainable Development innovation economic growth fdi rd entrepreneurship |
| title | Innovation And Economic Growth: The Case Of Slovakia |
| title_full | Innovation And Economic Growth: The Case Of Slovakia |
| title_fullStr | Innovation And Economic Growth: The Case Of Slovakia |
| title_full_unstemmed | Innovation And Economic Growth: The Case Of Slovakia |
| title_short | Innovation And Economic Growth: The Case Of Slovakia |
| title_sort | innovation and economic growth the case of slovakia |
| topic | innovation economic growth fdi rd entrepreneurship |
| url | https://doi.org/10.1515/vjbsd-2015-0002 |
| work_keys_str_mv | AT brahakushtrim innovationandeconomicgrowththecaseofslovakia AT qinetiartan innovationandeconomicgrowththecaseofslovakia AT serencesroman innovationandeconomicgrowththecaseofslovakia |