INNOVATION AND ECONOMIC PERFORMANCE: the case of Greek SMEs

Christina Beneki, Dimitrios Giannias and George Moustakas

Regional and Sectoral Economic Studies, 2012, vol. 12, issue 1, 43-54

Abstract: The relationship between innovation and economic performance is estimated for Greek SMEs using ICAP 1999 micro data and a CDM four equation model. The empirical analysis shows an unwillingness of the Greek private sector to invest in R&D and the low productivity of innovation.

Keywords: Greece; CDM-Model; Innovation; Economic performance (search for similar items in EconPapers)
JEL-codes: O30 O31 O32 O34 O52 (search for similar items in EconPapers)
Date: 2012
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