What is the role of innovation in productivity growth in Central and Eastern European countries? |
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Authors: | Dragan Tevdovski Katerina Tosevska‐Trpcevska Elena Makrevska Disoska |
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Affiliation: | Faculty of Economics – Skopje, ‘Ss. Cyril and Methodius’ University in Skopje, Macedonia |
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Abstract: | The paper uses company level data from the Eurostat's Community Innovation Survey 2008 and applies CDM model in order to estimate the links between R&D engagement, R&D intensity, innovation output and productivity in selected Central and Eastern European Countries – Bulgaria and Romania, and compares their performance with Germany. The results showed that different processes drive company's decision to engage in R&D in Bulgaria and Romania in comparison to Germany; R&D intensity is an important factor of product innovation in the observed CEE countries and product innovation leads to higher productivity in Bulgaria and Romania, while process innovation leads to higher productivity in Bulgaria, but not in Romania. |
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Keywords: | Innovation productivity CDM model Community Innovation Survey 2008 Central and Eastern European countries |
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