What Make the Impact of the Financial Crisis on Innovation Different Across European Countries?

Nguyet Thi Minh Nguyen and Chau Minh Duong ()
Additional contact information
Nguyet Thi Minh Nguyen: University of Portsmouth and Ho Chi Minh City Open University, Richmond Building, Portland St, Portsmouth PO1 3DE, UK
Chau Minh Duong: #x2020;University of East London and Ho Chi Minh City Open University, University Way, London E16 2RD, UK

International Journal of Innovation and Technology Management (IJITM), 2019, vol. 16, issue 06, 1-29

Abstract: This paper finds that the financial crisis has tremendously impacted innovation in most European countries with Greece and Lithuania being the most affected while Finland and Austria have the least negative effect on their innovation activities. Greece and Lithuania’s national innovation systems share many common characteristics which are in sharp contrast to those shared by Finland and Austria, including most notably culture, quality of the higher education system, science and technological capability, and structure of the economy. Those identified distinctions along the main dimensions of the national innovation systems between the most and least affected countries could to a large extent explain why the effect of the financial crisis is heterogeneous across European countries.

Keywords: Innovation; financial crisis; European convergence; national system of innovation (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S021987701950041X
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitmx:v:16:y:2019:i:06:n:s021987701950041x

Ordering information: This journal article can be ordered from

DOI: 10.1142/S021987701950041X

Access Statistics for this article

International Journal of Innovation and Technology Management (IJITM) is currently edited by H K Tang

More articles in International Journal of Innovation and Technology Management (IJITM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().