The Relationship between the Knowledge Economy and Global Competitiveness in the European Union

Dima, Alina Mihaela; Begu, Liviu Stelian; Vasilescu, Maria Denisa; Maassen, Maria Alexandra

doi:10.3390/su10061706

Cited by 101 publications

(85 citation statements)

References 31 publications

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“…Literature often regards vis-à-vis knowledge how significant role it has in competitiveness of developing countries. (Dima et al, 2018) Indeed, this makes it possible for these countries to appear in markets outside their borders. It is also worth mentioning that we hardly meet a developing country on this developmental path.…”

Section: Theory and Questionsmentioning

confidence: 99%

The Role of Innovation and Human Factor in the Development of East Central Europe

Tóth¹,

Juhász²,

Kálmán³

2020

Montenegrin Journal of Economics

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Schumpeter's one-hundred-year-old modernised theory of economic development is once again having a renaissance. The main factors of this are innovation and capital, which Porter expanded using further factors. In this report the following six countries were examined: Montenegro, Serbia, Russia, the Czech Republic, Poland and Hungary. Between 2007 and 2017, the roles that technological innovation, human factors and higher education played were examined. Indices used in the analysis were expanded using factors added to Schumpeter's theory by Porter, viz., economic growth, the development of the information technology sector, higher education, productivity and innovation, and they give an overview of the modern innovation theories. Due to the objectiveness of statistical indicators, it was these which were predominantly included in the report. The aim of the study was to examine will a given country be likely to have an economic development if the country makes the most of the opportunities that innovation and higher education present.JEL classification: I25, O11, O30, O47, R11

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Section: Theory and Questionsmentioning

confidence: 99%

The Role of Innovation and Human Factor in the Development of East Central Europe

Tóth¹,

Juhász²,

Kálmán³

2020

Montenegrin Journal of Economics

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“…Increasing investments in research and the introduction of new products improve the living condition of the population and lead to developments in both the public and private sectors. Dima et al (2018) investigated the impacts of knowledge economy on country competitiveness in the European Union by using Perason coefficient and panel-data regression models. The findings show the key role of innovation and education as main determinants of European Union economic convergence.…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, their relationship cannot be considered isolated from macroeconomic stability that an economy shows. Moreover, business sophistication, which would refer to the quality of business networks and the quality of businesses' operations and strategies, is one of the triggers that foster economic growth through improving efficiency, productivity, and profitability in the market (Dima, Begu, Vasilescu, & Maassen, 2018). Existing academic researchers in the literature have mainly focused on analysing firm or sector level data to discern an explanation for business innovation, research and development activities, along with the firm or sector level growth (Tsuji, Ueki, Shigeno, Idota, & Bunno, 2018).…”

Section: Introductionmentioning

confidence: 99%

Innovation Capacity, Business Sophistication and Macroeconomic Stability: Empirical Evidence From Oecd Countries

Kırıkkaleli

Özün

2019

Journal of Business Economics and Management

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The main aim of this study is to explore the linkages between innovation capacity, business sophistication, and macroeconomic stability within OECD countries. In order to obtain information regarding the relationship between time series variables, the Pedroni cointegration, Kao cointegration, fully modified ordinary least square, dynamic ordinary least square, Granger causality, and Dumitrescu Hurlin causality tests are employed. The empirical results reveal that improvement in business sophistication triggers innovation capacity and support macroeconomic stability. Innovation capacity would also need to be expanded in the long-run, which positively leads to advanced business sophistication that has a cyclical effect. If policymakers intend to accelerate business sophistication, then their attention should be directed towards maximizing the economic indicators in the long-run. To the best of our knowledge, the linkage between innovation capacity, business sophistication and macroeconomic stability in OECD countries has not been comprehensively explored through the use of a single dataset. Thus, the findings of this study could lead to a new debate regarding the concept.

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“…Strong evidence that knowledge should integrate innovation is labor (Guo et al, 2019), in which the authors, after analyzing data from 295 entrepreneurs and top managers in Chinese high-tech new businesses, found that both the coherent integration of knowledge and the system integration of knowledge have a positive effect on high-tech productivity and innovation activity. The study of the impact of various indicators related to knowledge economy on the country's competitiveness in the European Union (EU) became the subject of a study by Dima et al (2018). It was determined that the development of EU policies on learning opportunities throughout the life of the European workforce and focusing on research and development can significantly contribute to the competitiveness of EU Member States.…”

Section: Literature Reviewmentioning

confidence: 99%

Aspects of the formation and development of innovation infrastructure in Ukraine

Kinash¹,

Андрусів²,

Golovnia³

et al. 2019

10.5267/j.msl

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The article aims at finding ways to intensify the innovation activity of the Ukrainian economy, determine the role of university education in the formation and development of innovation infrastructure. It is substantiated that science and education are a reliable segment for the diffusion of innovations. The best practices of Ukrainian universities on the commercialization of innovative developments and technology transfer in the domestic and foreign markets are presented. The article analyzes the main indicators of the development of innovation activity in Ukraine as well as the dynamics of the development of university education. Particular attention is paid to the role of state classical universities in maintaining innovation development of the state and its regions. It is determined that in modern conditions, universities become integrators, participants, intermediaries, catalysts of communications and cooperation of educational and scientific structures with production, cultural institutions and regional authorities. It was investigated that on the basis of universities, 20 scientific parks have been created and are successfully functioning in Ukraine. The present innovative educational and production cluster of public-private partnership is presented. The scheme of management of it is offered. The results of calculating the multiplicative effect from the development of innovation infrastructure, which will be created as a result of the functioning of the educational-production cluster, are presented. The effectiveness of its influence on the development of the region's economy is proved.

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The Relationship between the Knowledge Economy and Global Competitiveness in the European Union

Cited by 101 publications

References 31 publications

The Role of Innovation and Human Factor in the Development of East Central Europe

The Role of Innovation and Human Factor in the Development of East Central Europe

Innovation Capacity, Business Sophistication and Macroeconomic Stability: Empirical Evidence From Oecd Countries

Aspects of the formation and development of innovation infrastructure in Ukraine

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