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

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

Economía: teoría y práctica, 2011, vol. 35, issue 2, 45-62

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.

Keywords: economic growth; innovation performance; country in transition. (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ety:journl:v:35:y:2012:i:2:p:45-62

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