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Does Innovation Performance Depend on Economic Growth? The Case of a Country in Transition

Author

Listed:
  • Andrzej H. Jasinski.

    (School of Management, Universidad de Varsovia,Szturmowa Street 1/3, 02-678. Warsaw, Poland.)

Abstract

This paper is an attempt to analyze a possible influence of economic growth on innovation performance. Econometric model based on principal component analysis is the research tool. Poland, as a country in transition, is here a case-study. The analysis has confirmed an interesting pattern: in 1989-2007, corporate innovation performance was changing, in principle, in the same direction as macro-economic changes but with a one-to- two-year delay. This is some proof that the innovation activity followed the cyclical development of the national economy. Innovation performance was demand-driven, i.e., pulled by demand resulting from the economy’s recovery and high economic growth. So, technological innovation appeared to be highly sensitive to the general economic situation in Poland as a transitional economy. Economic growth seems to be a kind of tagboat pulling innovation activities in the business sector.

Suggested Citation

  • Andrzej H. Jasinski., 2011. "Does Innovation Performance Depend on Economic Growth? The Case of a Country in Transition," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 35(2), pages 45-62, Julio-Dic.
    • Handle: RePEc:ety:journl:v:35:y:2012:i:2:p:45-62
    DOI: 10.24275/ETYPUAM/NE/352011/Jasinski
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Masaaki Hirooka, 2006. "Innovation Dynamism and Economic Growth," Books, Edward Elgar Publishing, number 3234.
    3. G. N. von Tunzelmann, 1995. "Technology and Industrial Progress," Books, Edward Elgar Publishing, number 437.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic growth; innovation performance; country in transition.;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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