Macroeconomic Features Of The Innovation Process In The Bulgarian Economy

Evgeni Filipov ()
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Evgeni Filipov: Varna University of Economics

Business & Management Compass, 2016, issue 2, 140-153

Abstract: The article examines the aggregate results of the innovation activity in the economy of Bulgaria. Innovation has become the cornerstone of modern economy, reflecting the increasing importance of technology in the production function, and playing an important role in developing competitive advantages of the national economy. In this article, the aggregate innovation performance of the Bulgarian economy is evaluated, based on expert international reports and analyses. To determine some of the causes for the unsatisfactory performance, a structural analysis of the expenditure on research and development activities aims to determine certain specifics of the Bulgarian model.

Keywords: Innovation; Technological change; R&D expenditure (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:journl:y:2016:i:2:p:140-153

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