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Some Dependencies Between Innovation, The Economy And Income

Author

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  • Sonia Mileva

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

  • Kosta Bentchev

Abstract

Innovation is one of the most recognizable factors for economic growth and competitiveness. The development of the theory of innovation systems leads to the identification of a number of features at the sectoral level that predetermine technological dynamics and serve as a basis for distinguishing high-tech from low-tech industries, sectors and activities. Innovation and the transfer of technological knowledge are increasingly seen as drivers for the development of the low-tech or traditional sectors of the economy. The current paper discusses some key dependencies between innovation, economy and income. Based on European innovation scoreboard a comparative analysis between Bulgaria, Romania, average EC and innovator leaders Denmark and Belgium.

Suggested Citation

  • Sonia Mileva & Kosta Bentchev, 2023. "Some Dependencies Between Innovation, The Economy And Income," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 22(1), pages 93-108, October.
    • Handle: RePEc:sko:yrbook:v:22:y:2023:i:1:p:93-108
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    References listed on IDEAS

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    2. Krammer, Sorin M.S., 2017. "Science, technology, and innovation for economic competitiveness: The role of smart specialization in less-developed countries," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 95-107.
    3. Ron Adner & Rahul Kapoor, 2010. "Value creation in innovation ecosystems: how the structure of technological interdependence affects firm performance in new technology generations," Strategic Management Journal, Wiley Blackwell, vol. 31(3), pages 306-333, March.
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