The efficiency of innovation Economic policy: the Case of the Czech Economy between 2012 and 2014

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F18%3A00001489" target="_blank" >RIV/75081431:_____/18:00001489 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
The efficiency of innovation Economic policy: the Case of the Czech Economy between 2012 and 2014
Original language description
This paper evaluates innovation economic policy in the Czech economy between 2012 and 2014. The analysed sample consists of 10144 observations of which 1588 are about new-to-the-market innovators. The estimation uses three stages from the innovation process model and accounts for selection bias. There is strong evidence that public support is not a very efficient public policy tool and ambiguous results were observed in the detailed view. The local government funding was statistically insignificant in case of the innovation input intensity measured by the log of R&D expenditures per employee and also in the case of innovation output intensity measured by sales from innovated goods and services. Central government funding led to a crowding-effect of public support in the market, but it was not present in manufacturing industry. The EU funding was the most successful economic policy tool although no additional effect of this funding was observed on the innovation output. Framework programmes were an unsuccessful economic policy tool and in case of service industry they contributed to a negative innovation output.
Czech name
—
Czech description
—

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 15th International Scientific Conference: Economic Policy in the European Union Member Countries
ISBN
9788024841557
ISSN
—
e-ISSN
—
Number of pages
10
Pages from-to
296-305
Publisher name
VŠB-TU Ostrava
Place of publication
Ostrava
Event location
Kopřivnice
Event date
Nov 8, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000451959800022

Similar results(10)