Innovation Activity of Small and Medium Size Enterprises in the European Union. Summary of Supported Concerns and Poor Results

Ecaterina Stanculescu

Knowledge Horizons - Economics, 2015, vol. 7, issue 2, 72-76

Abstract: In this article, the author proposes a critical analysis of the present state of development of research, development and innovation of small and medium enterprises (SMEs) in the European Union. The SMEs sector is of particular importance in the EU economy, as demonstrated by the overwhelming key indicators on its share in terms of total number of enterprises, the added value of non-financial sector and employment. Conclusions of the article reveals the constant concern of policy makers in the Union relative to the subject matter and visible failures SMEs innovation, and some suggestions on improving common (and where possible, national) policies in the field.

Keywords: European Union Member States; Small and Medium Size Enterprises; research-development and innovation; economic policies (search for similar items in EconPapers)
Date: 2015
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