Are Systems of Innovation in Eastern Europe Efficient?

Posted: 26 Mar 2012

See all articles by Victoria Kravtsova

Victoria Kravtsova

University of Glasgow

Slavo Radosevic

University College London - School of Slavonic and East European Studies

Date Written: 2012

Abstract

This paper explores the determinants of productivity in the countries of Eastern Europe (EE) through the perspective of ‘narrow’ and ‘broad’ national systems of innovation (NSI). Based on panel econometrics, it examines the extent to which systems in EE could be considered ‘(in)efficient.’ Our results suggest that the EE countries have lower levels of productivity than might be expected given their research and development (R&D), innovation and production capabilities. The inefficiencies of ‘broad’ NSI are compounded by the inefficiencies of ‘narrow’ NSI in terms of generating numbers of science and technology publications and resident patents relative to R&D employment compared to the rest of the world. Our results point to an important distinction between technology and production capability as the drivers of productivity improvements and provide some policy implications.

Keywords: Innovation systems, Technology capability, Central and Eastern Europe, Productivity

JEL Classification: P36, P27, P52, O47, O33

Suggested Citation

Kravtsova, Victoria and Radosevic, Slavo, Are Systems of Innovation in Eastern Europe Efficient? (2012). Economic Systems, Vol. 36, No. 1, 2012, Available at SSRN: https://ssrn.com/abstract=2029089

Victoria Kravtsova

University of Glasgow ( email )

Adam Smith Business School
Glasgow, Scotland G12 8LE
United Kingdom

Slavo Radosevic (Contact Author)

University College London - School of Slavonic and East European Studies ( email )

Malet Street
London WC1E 7HU
United Kingdom

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