What is the Role of Innovation in Productivity Growth in Central and Eastern European Countries?

25 Pages Posted: 3 Jun 2017

See all articles by Dragan Tevdovski

Dragan Tevdovski

Ss. Cyril and Methodius University

Katerina Tosevska‐Trpcevska

Ss. Cyril and Methodius University

Elena Makrevska Disoska

Ss. Cyril and Methodius University

Date Written: July 2017

Abstract

The paper uses company level data from the Eurostat's Community Innovation Survey 2008 and applies CDM model in order to estimate the links between R&D engagement, R&D intensity, innovation output and productivity in selected Central and Eastern European Countries – Bulgaria and Romania, and compares their performance with Germany. The results showed that different processes drive company's decision to engage in R&D in Bulgaria and Romania in comparison to Germany; R&D intensity is an important factor of product innovation in the observed CEE countries and product innovation leads to higher productivity in Bulgaria and Romania, while process innovation leads to higher productivity in Bulgaria, but not in Romania.

Keywords: Innovation, productivity, CDM model, Community Innovation Survey 2008, Central and Eastern European countries

Suggested Citation

Tevdovski, Dragan and Tosevska‐Trpcevska, Katerina and Disoska, Elena Makrevska, What is the Role of Innovation in Productivity Growth in Central and Eastern European Countries? (July 2017). Economics of Transition, Vol. 25, Issue 3, pp. 527-551, 2017, Available at SSRN: https://ssrn.com/abstract=2978911 or http://dx.doi.org/10.1111/ecot.12121

Dragan Tevdovski (Contact Author)

Ss. Cyril and Methodius University ( email )

blvd. Goce Delcev 9
Skopje, 1000
Macedonia

Katerina Tosevska‐Trpcevska

Ss. Cyril and Methodius University ( email )

blvd. Goce Delcev 9
Skopje, 1000
Macedonia

Elena Makrevska Disoska

Ss. Cyril and Methodius University ( email )

blvd. Goce Delcev 9
Skopje, 1000
Macedonia

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