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Innovation in times of crisis: national systems of innovation, structure, and demand

Filippetti, Andrea and Archibugi, Daniele (2011) Innovation in times of crisis: national systems of innovation, structure, and demand. Research Policy 40 (2), pp. 179-192. ISSN 0048-7333.

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Official URL: http://dx.doi.org/10.1016/j.respol.2010.09.001

Abstract

This article addresses the impact of the current economic downturn on innovation across Europe. Using micro- and macro-data, we investigate to what extent some structural characteristics of National Systems of Innovation, along with demand, affect firms’ persistency in terms of innovation investment. It emerges that the effects of the economic downturn in terms of firms’ innovation investment are not the same across European countries. The competences and quality of the human resources, the specialization in the high-technology sector, together with the development of the financial system seem to be the structural factors which are able to offset the effect of the economic downturn on innovation investments of firms across Europe. Finally, some considerations about policies during recessions are discussed.

Item Type: Article
Keyword(s) / Subject(s): Persistency of innovation, business cycles, national system of innovation, European Innovation Policy, economic crisis
School or Research Centre: Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Management
Depositing User: Administrator
Date Deposited: 27 Jan 2011 14:32
Last Modified: 17 Apr 2013 12:20
URI: http://eprints.bbk.ac.uk/id/eprint/2989

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