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The Impact of Research and Development for Business Innovations in Lithuania

Author

Listed:
  • Dalia Streimikiene

    (Vilnius University)

Abstract

The paper aims to assess the impact of research and development on innovativeness of the country as research and development is one of the main drivers of economic development and creation of modern knowledge based economy stipulating efficient use of natural resources and reducing negative impact on environment. The paper analyzes the main Lithuanian policy documents aiming at promotion of knowledge economy, innovations and research and development and financing of research, technological development and innovation. The programmes aiming at modernization of enterprises and trends of sustainable industrial development in Lithuania are critically reviewed. The Summary Innovation Index (SII) of Lithuania was applied to assess the impact of implementing policies promoting research and development in Lithuania. The analysis indicated that one of the main factors determining the relatively low Lithuanian SII is the insufficient level of investment in research and development (R&D). While R&D expenditure in the general government and higher education sectors corresponds to the EU average, it remains low in the business sector.

Suggested Citation

  • Dalia Streimikiene, 2014. "The Impact of Research and Development for Business Innovations in Lithuania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(37), pages 965-965, August.
    • Handle: RePEc:aes:amfeco:v:37:y:2014:i:16:p:965
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    References listed on IDEAS

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    1. Professor Richard Welford, 1993. "Breaking the link between quality and the environment: Auditing for sustainability and life cycle assessment," Business Strategy and the Environment, Wiley Blackwell, vol. 2(4), pages 25-33, December.
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    Cited by:

    1. Dejan Ravšelj & Aleksander Aristovnik, 2018. "The Impact of Private Research and Development Expenditures and Tax Incentives on Sustainable Corporate Growth in Selected OECD Countries," Sustainability, MDPI, vol. 10(7), pages 1-16, July.

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    More about this item

    Keywords

    research and development; sustainable industrial development; modernization of enterprises; innovation index;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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