Sources of Innovation Activity as a Factor of Economic Development

Abstract

Purpose – the purpose of the study is to define the sources and restrictions of new industry development based on the R&D -related factors of the countries studied; to show the conditions of inequality based on the existing infrastructure, which are obstacles for achieving an advantage in technology. Research methodology – the panel studies were conducted on four groups of countries divided by the level of GDP per capita. High technology exports and charges for the use of the intellectual property were used as dependent variables. Findings – as a result of the study, the factors that influenced the dependent variables in each of these groups of countries were identified. The differences in the significance of factors are shown. Research limitations – the limitations of the study are significant gaps in the time series for a number of countries. They make it impossible to use such data in the econometric model. Some indicators are taken into account relatively recently, which makes it impossible to consider long-term trends. Practical implications – the results of the research should help the country decision-makers optimize measures to develop domestic R&D and innovative production. Originality/Value – the originality of the research is the study of country sets grouped by the level of GDP per capita. The specifics of patents and trademarks influence on the innovative activity of countries with different income levels are determined.