J 2024

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

SHKOLNYKOVA, Mariia, Lasse STEFFENS and Jan WEDEMEIER

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

Článek v odborném periodiku

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

Impact factor

Impact factor: 3.200 in 2022

Organization unit

Faculty of Economics and Administration

DOI

UT WoS

001140018200001

Keywords in English

central and Eastern European countrieseconomic growthinnovationinstitutionGDP

Tags

International impact, Reviewed
Změněno: 17/9/2024 11:08, Mgr. Alžběta Karolyiová

Abstract

ORIG EN

V originále

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.

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.