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Acompetitive Advantages Of Adopting Biotechnological Innovations

Author

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  • Trayan Yosifov

    (University Paisii Hilendarski)

Abstract

The underexploited potential of the national economy results in a low standard of living and a poor investment environment. Due to the current condition of economic processes, Bulgaria ranks at the bottom in terms of its GDP compared to other EU member-states and is one of the countries with the fastest declining population in the world. Low competitiveness and innovativeness of Bulgarian enterprises underlie the lack of any serious economic progress. This finding is true even for the economic spheres which contemporary biotechnological innovations are based on and in which our country has real advantages in terms of its natural resources and climate. The objective of this research paper is to analyse the main economic aspects of Life sciences and to present some major European accomplishments and partnerships in the pursuit of competitive advantages by enterprises operating in the sphere of biotechnologies.

Suggested Citation

  • Trayan Yosifov, 2019. "Acompetitive Advantages Of Adopting Biotechnological Innovations," Economics 21, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 92-108.
    • Handle: RePEc:dat:econ21:y:2019:i:2:p:92-108
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    File URL: http://hdl.handle.net/10610/4196
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    References listed on IDEAS

    as
    1. William Bains, 2009. "Venture Capital and the European Biotechnology Industry," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-22726-2.
    2. William Bains, 2009. "The Biotechnology Industry and Venture Capital," Palgrave Macmillan Books, in: Venture Capital and the European Biotechnology Industry, chapter 2, pages 5-22, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Life sciences; biotechnological innovations; quality of the living environment; competitiveness;
    All these keywords.

    JEL classification:

    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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