Innovation Success in the European Union: Aggregate Demand Analysis

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F24%3A39921890" target="_blank" >RIV/00216275:25410/24:39921890 - isvavai.cz</a>

Výsledek na webu

<a href="https://papers.academic-conferences.org/index.php/ecie/article/view/2535/2493" target="_blank" >https://papers.academic-conferences.org/index.php/ecie/article/view/2535/2493</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.34190/ecie.19.1.2535" target="_blank" >10.34190/ecie.19.1.2535</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Innovation Success in the European Union: Aggregate Demand Analysis

Popis výsledku v původním jazyce

In the current period of uncertainty in the European Union, innovation is becoming a key factor for maintaining not only economic stability but also competitiveness in the globalised environment. Following the financial crisis that hit Europe, aggregate demand indicators slowly started to stabilise, mostly reaching their peak in 2019. However, in the following year, due to the pandemic crisis, these indicators fell again, posing a new challenge for researchers around the world. This study examines the relationship between macroeconomic indicators of aggregate demand and innovation performance in 25 EU countries. Using data for the period 2013-2021 as input for the regression analysis, the research identifies firm investment and exports as important innovation support factors and highlights their key role. On the other hand, the research shows that household consumption and imports are barriers to innovation. Somewhat surprisingly, government spending on goods and services does not have a significant impact on innovation success, underlining the need to rethink government investment policies. This finding highlights the need for a more thorough analysis of the effectiveness of state investment in innovation and possible adjustments to state policies to maximise the promotion of innovation activities in the state. The study also highlights the importance of comprehensive strategies that promote investment and exports, while emphasising the removal of barriers to innovation in the form of household consumption and imports.

Název v anglickém jazyce

Innovation Success in the European Union: Aggregate Demand Analysis

Popis výsledku anglicky

In the current period of uncertainty in the European Union, innovation is becoming a key factor for maintaining not only economic stability but also competitiveness in the globalised environment. Following the financial crisis that hit Europe, aggregate demand indicators slowly started to stabilise, mostly reaching their peak in 2019. However, in the following year, due to the pandemic crisis, these indicators fell again, posing a new challenge for researchers around the world. This study examines the relationship between macroeconomic indicators of aggregate demand and innovation performance in 25 EU countries. Using data for the period 2013-2021 as input for the regression analysis, the research identifies firm investment and exports as important innovation support factors and highlights their key role. On the other hand, the research shows that household consumption and imports are barriers to innovation. Somewhat surprisingly, government spending on goods and services does not have a significant impact on innovation success, underlining the need to rethink government investment policies. This finding highlights the need for a more thorough analysis of the effectiveness of state investment in innovation and possible adjustments to state policies to maximise the promotion of innovation activities in the state. The study also highlights the importance of comprehensive strategies that promote investment and exports, while emphasising the removal of barriers to innovation in the form of household consumption and imports.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 19th European Conference on Innovation and Entrepreneurship

ISBN

978-1-917204-14-9

ISSN

2049-1050

e-ISSN

2049-1069

Počet stran výsledku

8

Strana od-do

801-808

Název nakladatele

Academic Conferences and Publishing International Limited

Místo vydání

Sonning Common

Místo konání akce

Paříž

Datum konání akce

26. 9. 2024

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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