Innovation in Times of Crisis: National Systems of Innovation, Structure and Demand

Posted: 13 Apr 2010 Last revised: 19 Oct 2013

See all articles by Daniele Archibugi

Daniele Archibugi

Italian National Research Council (CNR); University of London - School of Business, Economics and Informatics

Andrea Filippetti

Italian National Research Council (CNR-ISSIRFA); London School of Economics & Political Science (LSE); University of London - Birkbeck College

Date Written: April 13, 2010

Abstract

This article addresses the impact of the current economic downturn on innovation across Europe. Using micro and macro data we investigate to what extent some structural characteristics of National Systems of innovation, along with demand, affect firms’ persistency in terms of innovation investment. It emerges that the effects of the economic downturn in terms of firms’ innovation investment are not the same across European countries. The competences and quality of the human resources, the specialization in the high-technology sector, together with the development of the financial system seem to be the structural factors which are able to offset the effect of the economic downturn on innovation investments of firms across Europe. Finally, some considerations about policies during recessions are discussed.

Suggested Citation

Archibugi, Daniele and Filippetti, Andrea, Innovation in Times of Crisis: National Systems of Innovation, Structure and Demand (April 13, 2010). Research Policy, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1588952

Daniele Archibugi

Italian National Research Council (CNR) ( email )

Via Palestro, 32
00185 Rome
Italy

University of London - School of Business, Economics and Informatics ( email )

Malet Street
Bloomsbury
London, WC1E 7HX
United Kingdom
+44 (0) 207 631 6741 (Phone)
+44 (0) 207 631 6769 (Fax)

HOME PAGE: http://www.bbk.ac.uk/management/our-staff/academics/archibugi

Andrea Filippetti (Contact Author)

Italian National Research Council (CNR-ISSIRFA) ( email )

Via dei Taurini, 19
00185 Rome
Italy

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

University of London - Birkbeck College ( email )

Malet Street
London, WC1E 7HX
United Kingdom

Register to save articles to
your library

Register

Paper statistics

Abstract Views
435
PlumX Metrics