Innovative Companies as a Factor for Economic Growth of the National Economy

Dimitar Blagoev and Radostin Boyadzhiev
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Radostin Boyadzhiev: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2022, issue 3, 5-17

Abstract: Traditionally, innovative companies are associated with high added value and potential for exponential growth. This defines their place as an important factor in the growth of national economies. The prevailing opinion in modern economy is that the development of innovation (hence the innovative companies) will lead to several positive results for the national economy: competitiveness, high added value, growth, modern jobs, “green†economy and others. The present study aims to answer the question of whether Bulgarian innovative companies are a factor for economic growth of the national economy in view of the programs and policies for the promotion and development of innovation in Bulgaria.

Keywords: economy; innovation; Growth; firm (business organization or enterprise) (search for similar items in EconPapers)
JEL-codes: D22 D92 M21 O32 O4 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2022:i:3:p:5-17

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