The Impact of Business Cycle on Input and Output of Innovation Activity in UE Countries

• Autorzy: Arkadiusz Kijek , Anna Szymańska
• Języki publikacji: EN

Abstrakty

EN

The effect of business cycle on innovation activity of economic entities is ambiguous. There are both studies confirming pro-cyclical and as well as counter-cyclical pattern of innovation activity input, while the output of innovation activity is mainly considered procyclical. This study aims to analyze the impact of business cycle phases on input and output of innovation activity of economic agents. It uses the data for 26 EU countries and Norway in 2002-2016. The research applies panel data models for input and output of innovation activity with the business cycle indicators as explanatory variables. The findings confirm the complex relationship between innovation performance and business cycles, and they mostly support the pro-cyclical nature of R&D expenditures and patent grants.(original abstract)

Słowa kluczowe

EN

Innovations; Research & Development (R+D); Patent

PL

Innowacje; Badania i rozwój (B+R); Patenty

• Czasopismo: Przedsiębiorczość i Zarządzanie
• Rocznik: 2018
• Numer: t. 19, z. 1, cz. 1 Financial, Accounting and Economic Aspects of Contemporary Management
• Strony: 109--118

Twórcy

autor

Arkadiusz Kijek

• Maria Curie-Skłodowska University in Lublin, Poland

autor

Anna Szymańska

• University of Lodz, Poland

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