Systems of innovation: Path of economic transition and differences in institutions in central and Eastern Europe?

SHKOLNYKOVA, Mariia, Lasse STEFFENS and Jan WEDEMEIER. Systems of innovation: Path of economic transition and differences in institutions in central and Eastern Europe? GROWTH AND CHANGE. UNITED STATES: WILEY, 2024, vol. 55, No 1, p. 1-30. ISSN 0017-4815. Available from: https://dx.doi.org/10.1111/grow.12703.

Basic information

• Original name: Systems of innovation: Path of economic transition and differences in institutions in central and Eastern Europe?
• Name (in English): Systems of innovation: Path of economic transition and differences in institutions in central and Eastern Europe?
• Authors: SHKOLNYKOVA, Mariia, Lasse STEFFENS and Jan WEDEMEIER.
• Edition: GROWTH AND CHANGE, UNITED STATES, WILEY, 2024, 0017-4815.

Other information

• Type of outcome: Article in a journal
• Confidentiality degree: is not subject to a state or trade secret
• WWW: URL
• Impact factor: Impact factor: 3.200 in 2022
• Organization unit: Faculty of Economics and Administration
• Doi: http://dx.doi.org/10.1111/grow.12703
• UT WoS: 001140018200001
• Keywords in English: central and Eastern European countrieseconomic growthinnovationinstitutionGDP
• Tags: International impact, Reviewed

Abstract

Against the backdrop of the current political developments in Central and Eastern European (CEE) countries, such as Ukraine, Poland, and Romania, the question arises as to the role played by economic transformation and the resulting innovation linkages in these countries over the last 20 years. The main purpose of this paper is to explore the impact of economic and institutional dimensions on the development of CEE countries, explicitly distinguishing between European Union (EU) members and non-members, and thus reflecting the differences in institutions and path dependency. Furthermore, the paper contrasts the performance of CEE countries with that of Western European countries. To achieve these objectives, the impact of factors such as innovation, institutions, and political practices on the economic development of 37 European countries from 2000 until 2020 is followed using fixed effects regression and Ordinary least squares (OLS) regression. The results of the analysis show the importance of institutional factors such as low levels of corruption, political freedoms, and intellectual property. The effect of institutional variables was particularly pronounced in the case of non-EU countries, which indicates the particular importance of the development of stable institutions for achieving higher levels of economic development for this category of countries.

Abstract (in English)

Against the backdrop of the current political developments in Central and Eastern European (CEE) countries, such as Ukraine, Poland, and Romania, the question arises as to the role played by economic transformation and the resulting innovation linkages in these countries over the last 20 years. The main purpose of this paper is to explore the impact of economic and institutional dimensions on the development of CEE countries, explicitly distinguishing between European Union (EU) members and non-members, and thus reflecting the differences in institutions and path dependency. Furthermore, the paper contrasts the performance of CEE countries with that of Western European countries. To achieve these objectives, the impact of factors such as innovation, institutions, and political practices on the economic development of 37 European countries from 2000 until 2020 is followed using fixed effects regression and Ordinary least squares (OLS) regression. The results of the analysis show the importance of institutional factors such as low levels of corruption, political freedoms, and intellectual property. The effect of institutional variables was particularly pronounced in the case of non-EU countries, which indicates the particular importance of the development of stable institutions for achieving higher levels of economic development for this category of countries.