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The Journey To Competitiveness: Eu Speeding Up On The Road Paved With Knowledge And Innovation

Author

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  • Oprescu Raluca

    (Academia de studii economice Bucuresti, Institutul doctoral - Economie și Afaceri Internaționale)

Abstract

In the attempt to boost its international competitiveness, the European Union realized that it should enrich the ways to achieve it by using the intangible assets that it holds. Knowledge and intellectual capital, innovation, science and entrepreneurship are key drivers of economic development and renewal. The traditional resources on which economies rely on are scarce, while these ones are abundant and steady. Moreover, this type of assets can easily increase their value through sharing and they trigger multiplicative effects in the economy. The paper tackles these issues and makes an assessment of the degree of innovation in the EU. The study aims to provide an answer to the question of whether EU's overall performance proves that it is truly driven by knowledge and innovation or not. Using a qualitative method of research, this paper identifies innovation patterns of the member states from a geographical perspective. In order to provide a compelling analysis, the data ranges from indicators capturing science and technology activities, firm innovation to the internationalization of research activities and the tertiary-level graduates. The results show substantial discrepancies between the European countries and reveal that knowledge flows scaled by the level of innovation are a localized phenomenon, therefore some countries are more innovation-oriented and they reap the benefits better.

Suggested Citation

  • Oprescu Raluca, 2011. "The Journey To Competitiveness: Eu Speeding Up On The Road Paved With Knowledge And Innovation," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 118-124, July.
    • Handle: RePEc:ora:journl:v:1:y:2011:i:1:p:118-124
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    File URL: http://anale.steconomiceuoradea.ro/volume/2011/n1/080.pdf
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    References listed on IDEAS

    as
    1. Laura Bottazzi & Giovanni Peri, "undated". "Innovation, Demand and Knowledge Spillovers: Theory and Evidence from European Regions," Working Papers 153, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    2. Maria Pluvia Zuniga & Dominique Guellec, 2009. "Who Licenses out Patents and Why?: Lessons from a Business Survey," OECD Science, Technology and Industry Working Papers 2009/5, OECD Publishing.
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    Cited by:

    1. Isniar Budiarti, 2017. "Knowledge Management and Intellectual Capital - A Theoretical Perspective of Human Resource Strategies and Practices," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, May - Aug.

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    More about this item

    Keywords

    knowledge-based economy; competitiveness; innovation; R&D; technology;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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