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Innovation in times of crisis: National Systems of Innovation, structure, and demand

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  • Filippetti, Andrea
  • Archibugi, Daniele

Abstract

This article addresses the impact of the current economic downturn on innovation across Europe. Using micro- and macro-data, we investigate to what extent some structural characteristics of National Systems of Innovation, along with demand, affect firms' persistency in terms of innovation investment. It emerges that the effects of the economic downturn in terms of firms' innovation investment are not the same across European countries. The competences and quality of the human resources, the specialization in the high-technology sector, together with the development of the financial system seem to be the structural factors which are able to offset the effect of the economic downturn on innovation investments of firms across Europe. Finally, some considerations about policies during recessions are discussed.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 40 (2011)
Issue (Month): 2 (March)
Pages: 179-192

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Handle: RePEc:eee:respol:v:40:y:2011:i:2:p:179-192

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Web page: http://www.elsevier.com/locate/respol

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Keywords: Persistency of innovation Business cycles National System of Innovation European Innovation Policy Economic crisis;

References

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Citations

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Cited by:
  1. Nunes, Sérgio & Lopes, Raul, 2013. "Economic crisis and the firms´ innovation process," MPRA Paper 47715, University Library of Munich, Germany.
  2. Archibugi, Daniele & Filippetti, Andrea & Frenz, Marion, 2013. "Economic crisis and innovation: Is destruction prevailing over accumulation?," Research Policy, Elsevier, vol. 42(2), pages 303-314.
  3. Petr Rozmahel & Ludek Kouba & Ladislava Grochová & Nikola Najman, 2013. "Integration of Central and Eastern European Countries: Increasing EU Heterogeneity?," WWWforEurope Working Papers series 9, WWWforEurope.
  4. Grigorii V. Teplykh, 2014. "Innovations and productivity: the shift during the 2008 crisis," HSE Working papers WP BRP 23/STI/2014, National Research University Higher School of Economics.
  5. Alexander Eickelpasch, 2014. "R&D Behavior of German Manufacturing Companies during the 2008/09 Recession," Discussion Papers of DIW Berlin 1357, DIW Berlin, German Institute for Economic Research.
  6. Luca Andriani & Fabio Sabatini, 2013. "Trust and Prosocial Behaviour in a Process of State Capacity Building: the Case of the Palestinian Territories," Working Papers 6, Birkbeck Centre for Innovation Management Research, revised Oct 2013.
  7. Mónica Benito & Rosario Romera, 2013. "How to boost the PhD labour market? : facts from the R&D and innovation policies side," Statistics and Econometrics Working Papers ws133127, Universidad Carlos III, Departamento de Estadística y Econometría.
  8. Sérgio Nunes & Raul Lopes, 2013. "Firm?s strategies of innovation and the effect of economic crisis," ERSA conference papers ersa13p143, European Regional Science Association.
  9. Alberto Botta, 2014. "Structural Asymmetries at the Roots of the Eurozone Crisis: What’s New for Industrial Policy in the EU?," Economics Working Paper Archive wp_794, Levy Economics Institute.
  10. Makkonen, Teemu, 2013. "Government science and technology budgets in times of crisis," Research Policy, Elsevier, vol. 42(3), pages 817-822.

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