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Innovation and economic growth in old and new member states of the European Union

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  • Andrzej Kacprzyk
  • Wirginia Doryń

Abstract

This study examines the innovation–growth nexus in the European Union (EU) countries over the period 1993–2011. The system generalised method of moments estimator was used to test whether patent activities and different research and development (R&D) outlays affect economic growth in the old (EU-15) and new (EU-13) member states differently. The authors have found no significant impact of R&D on the growth and positive relationship between patent activities and growth in the EU-13. The results suggest that there may be no single recipe for growth for the EU and raise the question of whether setting common numerical targets in the EU innovation policy makes economic sense.

Suggested Citation

  • Andrzej Kacprzyk & Wirginia Doryń, 2017. "Innovation and economic growth in old and new member states of the European Union," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 30(1), pages 1724-1742, January.
    • Handle: RePEc:taf:reroxx:v:30:y:2017:i:1:p:1724-1742
    DOI: 10.1080/1331677X.2017.1383176
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    Citations

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    Cited by:

    1. Melina Dritsaki & Chaido Dritsaki, 2023. "R&D Expenditures on Innovation: A Panel Cointegration Study of the E.U. Countries," Sustainability, MDPI, vol. 15(8), pages 1-35, April.
    2. Dokas, Ioannis & Panagiotidis, Minas & Papadamou, Stephanos & Spyromitros, Eleftherios, 2023. "Does innovation affect the impact of corruption on economic growth? International evidence," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 1030-1054.
    3. Manzoor Ahmad & Jianghuai Zheng, 2023. "The Cyclical and Nonlinear Impact of R&D and Innovation Activities on Economic Growth in OECD Economies: a New Perspective," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 544-593, March.
    4. Xu, Aiting & Qiu, Keyang & Zhu, Yuhan, 2023. "The measurements and decomposition of innovation inequality: Based on Industry − University − Research perspective," Journal of Business Research, Elsevier, vol. 157(C).

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