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Innovation and economic development

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  • Rossitsa Chobanova

Abstract

Theoretical and policy making aspects of interaction between innovation and economic development have been carried out. It has been proven that for small scale open economies the governance plays a major role in transformation of new knowledge into new products and services for the market. In this respect it has offered an analytical scheme consisting of five sectors: R&D, education, business, nonprofit and state, each of them having its international equivalents. Legal, institutional and financial environment exercise essential influence on the efficiency of their interaction. This analytical scheme is proved by experience of EU, and is applied for analyses of interaction between innovation and economic development in Bulgaria. Priorities for national innovation policy are identified, based on a survey of 50 respondents.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.

Volume (Year): (2003)
Issue (Month): 2 ()
Pages: 3-35

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Handle: RePEc:bas:econth:y:2003:i:2:p:3-35

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  1. Jürgen Bitzer & Christian von Hirschhausen, 1998. "Science and Technology Policy in Eastern Europe - a Demand-Oriented Approach," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 67(2), pages 139-148.
  2. Rossitsa Chobanova, 2001. "The Innovation Market in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 92-113.
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Cited by:
  1. Kamen Bonev & Katinka Mihova & Radulina Tzolova & Hristina Doichinova & Rossitsa Chobanova & Genoveva Hristova & Venelina Koleva & Diana Ivanova & Tatiana Terzieva, 2005. "Economic Integration of Urban Consumers’ Demand and Forestry Production in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 117-148.

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