Challenges for European Innovation Policy

Challenges for European Innovation Policy

Cohesion and Excellence from a Schumpeterian Perspective

Edited by Slavo Radosevic and Anna Kaderabkova

This book uniquely applies the Schumpeterian innovation policy perspective to the countries of Central and Eastern Europe. A broadly defined framework of the science, technology, innovation and growth system underpins the empirical and conceptual analysis of the critical issues including demand, FDI, finance and education.

Chapter 2: Challenges of Converging Innovation Policies in a Multi-Tier Europe: A Neo-Schumpeterian Perspective

Slavo Radosevic

Subjects: economics and finance, economics of innovation, evolutionary economics, innovation and technology, economics of innovation


2. Challenges of converging innovation policies in a multi-tier Europe: a neo-Schumpeterian perspective1 Slavo Radosevic 2.1 INTRODUCTION This chapter provides an introduction to and context for the other contributions in this volume. It discusses innovation and innovation policy in Central and East European (CEE) countries within the enlarged European Union (EU) and draws comparisons with the developed EU. It outlines the rationale for developing a new policy approach that takes account of technological and developmental differences across countries. It discusses the major issues in the approach to innovation policy of a specific country or group of countries. From the end of the 1990s to the time of the global financial crisis (GFC) in 2008–09, growth in the CEE EU new member states (NMS) has been significantly above the rates of growth in the EU15.2 This trend, coupled with the inflow of EU Structural Funds (SF), has led to a widespread belief that these countries are established on a path of catch-up and fast convergence to EU15 income levels. However, the GFC has left the NMS, and especially those with significant macroeconomic imbalances, vulnerable to the vagaries of the financial markets and has exposed the less than firm foundations of their growth, showing them to be inadequate to sustain growth in the longer term (World Bank, 2010). Since the 2004 and 2006 accessions to the EU, growth in the CEE countries has been based on imported capital equipment and transition related productivity improvements, achieved through organizational changes and reallocation of...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information