The Innovation-Friendly Environment in Europe

Abstract

In this article we investigate the determinants of the innovation-friendly environment in Europe in the period 2000-2019. We use data from the European Innovation Scoreboard of the European Commission for 36 countries. Data are analyzed using dynamic panel data at 1 stage, panel data with fixed effects, panel data with random effects, pooled OLS, and WLS. Results shows that the “Innovation-Friendly Environment” is positively associated to “Basic-school entrepreneurial education and training”, “Government procurement of advanced technology products”, “Employment share Manufacturing”, “Finance and support”, “Human resources”.

JEL Classification: C33, O3, O30, O31, O43