Socio-Economic Impacts of the Science and Research Systems

Franci Demsar, Dusan Lesjak, Frederick Kohun and Robert Skovira
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Franci Demsar: Faculty of Management, University of Primorska, Slovenia
Dusan Lesjak: International School for Social and Business Studies, Slovenia
Frederick Kohun: Robert Morris University, United States
Robert Skovira: Robert Morris University, United States

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Abstract: Slovenia has an above-average European scientific results, innovation system is rated just below the European average, while the per-capita shop GDP barely reaches the two thirds of the European average. Slovenian economic competitiveness is low. Research activity is not intended for itself, therefore scientific as well as the socio-economic effects are important too. Therefore the paper covers the analysis of socio-economic effects of research that can be divided into economic, political/social and educational. In the paper we firstly discuss the schematic and systematic methodology and assessment of the socio-economic effects of the research. The international waymarks of planning and monitoring of the research effects is presents as well. The paper further analyses the strengths and weaknesses of the Slovenian innovation system and isolate the good practices of the successful countries and countries which are progressing rapidly. Therefore, the European Innovation Index and the Global competitiveness index will be studied and the detail that identify the reasons for successes and failures of the United States and provide guidance on how to be more successful with the help of the socio-economic effects of science and/or research and development.

Keywords: science; research; development; innovation; socio-economic impacts; European innovation index; global innovation index (search for similar items in EconPapers)
Date: 2017
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