Innovation and Economic Crisis in Transition Economies

Katharina Friz and Jutta Günther

No 2014, Bremen Papers on Economics & Innovation from University of Bremen, Faculty of Business Studies and Economics

Abstract: Based on Schumpeterian theoretical considerations, this paper investigates the innovation behavior of firms during the severe economic crisis of the year 2008/2009. It focuses on transition countries of Central and Eastern Europe and Central Asia, which have completely restructured their innovation systems through the course of transformation from planned to market economies a relatively short time ago. As a result of the crisis, we observe a strong decline of innovation activity in all transition economies. In line with the literature, there is, however, empirical evidence for both creative destruction as well as creative accumulation. This underlines two key findings: firstly, the universality and durability of Schumpeterian assumptions, and secondly, a call for anti-cyclical innovation policy.

Keywords: Innovation behavior; economic downturn; transition countries (search for similar items in EconPapers)
JEL-codes: O12 O14 O30 O31 O57 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2020-09
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Eurasian Business Review, 11(4), pp.537-563.

Downloads: (external link)
https://media.suub.uni-bremen.de/bitstream/elib/44 ... ript_ierp_update.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:atv:wpaper:2014

DOI: 10.26092/elib/282

Access Statistics for this paper

More papers in Bremen Papers on Economics & Innovation from University of Bremen, Faculty of Business Studies and Economics Contact information at EDIRC.
Bibliographic data for series maintained by Matheus Eduardo Leusin ().