EFFECTS OF KNOWLEDGE DISSEMINATION ON REGIONAL EUROPEAN ECONOMIC PERFORMANCE
Autor (i): Ph.D. Student Octavian Bărnuţiu, Ph.D. Student Bogdan Copcea
JEL: O31, O40, R11
Cuvinte cheie: regions, innovation, economic growth
Abstract:
The aim of the paper is to assess the impact of the innovation activity on the economic performance în the European NUTS 2 regions, in the period 2000 – 2014, based on a production function of an aggregate output (GDP per capita) which include patent activity as a factor of influence. To this end, the first part presents an overview of developments in macroeconomic indicators, levels of performance and their correlation with applications for patents relative to the population during the period between 2000 and 2014 at NUTS 2 European regional level. In part two, we assessed the econometric effects of the output of innovation or of patent applications on growth with data coming from 265 regions grouped by their inovatinvness capacity (leaders, important, moderate, modest). The results achieved reflect the particular importance of patenting growth and patenting aplications as a whole and, in particular, of patented technologies and knowledge not only regionally but internationally. Meanwhile, a weak innovation activity, as reflected by the small number of patent applications, is a factor that can hamper economic growth. This is highlighted in a separate analysis on groups of innovators, where we obtained very good economic results in case of a sustained innovation activity reflected by requests filed under International Procedure (PCT).
The aim of the paper is to assess the impact of the innovation activity on the economic performance în the European NUTS 2 regions, in the period 2000 – 2014, based on a production function of an aggregate output (GDP per capita) which include patent activity as a factor of influence. To this end, the first part presents an overview of developments in macroeconomic indicators, levels of performance and their correlation with applications for patents relative to the population during the period between 2000 and 2014 at NUTS 2 European regional level. In part two, we assessed the econometric effects of the output of innovation or of patent applications on growth with data coming from 265 regions grouped by their inovatinvness capacity (leaders, important, moderate, modest). The results achieved reflect the particular importance of patenting growth and patenting aplications as a whole and, in particular, of patented technologies and knowledge not only regionally but internationally. Meanwhile, a weak innovation activity, as reflected by the small number of patent applications, is a factor that can hamper economic growth. This is highlighted in a separate analysis on groups of innovators, where we obtained very good economic results in case of a sustained innovation activity reflected by requests filed under International Procedure (PCT).
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