Innovation performance of EU countries in the context of research and development expenditures

IF 1.2 Q4 BUSINESS

Entrepreneurship and Sustainability Issues Pub Date : 2023-09-30 DOI:10.9770/jesi.2023.11.1(16)

Katarína Belanová, Peter Golha, Rudolf Sivák

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Abstract

. Innovations are essential to economic reality, mainly due to growing domestic, international or world competition. The contribution is focused on comparing the innovation performance of EU countries with an emphasis on Slovakia using the European Innovation Scoreboard and the Regional Innovation Scoreboard. The aim is to verify the dependence of the innovation performance of EU countries on research and development expenditure. According to the European Innovation Scoreboard 2023, the classification of Member States into performance groups remains unchanged compared to the previous year, still showing a geographical concentration. Performance gaps between Member States narrowed between 2016 and 2023. Slovakia belongs to countries with a relative performance below 70% of the European Union average, while its innovation performance is growing more slowly than in the EU. According to the Regional Innovation Scoreboard 2023, all regions of Slovakia belong to the emerging innovators of the upper third, except the Bratislava region, which is included in the group of moderate innovators of the upper third. All regions have increased their performance. An increase in research and development expenditures is required to improve the current situation in the innovation policy of the Slovak Republic. This conclusion is derived considering a significant interdependence between research and development expenditures and innovation performance was confirmed by regression analysis

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来源期刊

Entrepreneurship and Sustainability Issues BUSINESS-

自引率

5.90%

发文量

审稿时长

20 weeks

期刊介绍： ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES ISSN 2345-0282 (online) is a peer-reviewed scientific journal, serving as a platform to foster multi/interdisciplinary innovations that bring together the research communities and the end-users being affected. It is where theory meets practice, evident in the authors being experts across the industrial value chain – including business visionaries, regulatory and standards bodies, and especially pan-European networking through public and private sector partnerships (PPPs). Accepted papers present outcomes of initiatives and findings across all fields of science and technology, especially social sciences and humanities. Multi/interdisciplinary approach is encouraged. Recent additions to the already well-accomplished editorial board includes experts from the energy and information and communication technologies (ICT) sectors, particularly focused on advances to the state of the arts in environmental sustainability developments. This journal publishes original research papers that are rich with case studies of modern demonstrations, presenting innovative solutions to socio-economic and socio-technical problems that plague modern societies. It is a journal that is positioned as collaborative platform where theory meets practice, which is accomplished by publishing authors who’ve uncovered new linkages between data formulation and the underpinning theories, cases, observations, and validated hypotheses arising from the analysis of that data. ESI journal scope includes as well a particular focus on the business development side of smart electricity grids regarding financial or innovative technological aspects surrounding: renewable production, energy storage and management, construction materials, retrofitting, urban planning, and the trading of actors within emerging markets affected by energy supply and demand tradeoff.